Malaysia's RHB Bank wins approval for mergers

Malaysia's RHB Bank has received the final regulatory approval for its merger with two other financial institutions, enabling the bank to complete its merger well ahead of the Dec 31 deadline.

RHB Capital Bhd in a statement here Monday said it had received the Foreign Investment Committee's FIC approval for the acquisition of Delta Finance and Interfinance by subsidiary RHB Bank Bhd.

It said this would pave the way for RHB Capital to complete proposed corporate exercise, among others, the proposed acquisition of the entire issued and paid-up share capital of Delta Finance by RHB Bank.

It would also complete the proposed acquisition of 90% of the issued and paid-up share capital of Interfinance...

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