KUALA LUMPUR, Aug 3 — There is no plan currently to enter into merger discussions with AMMB Holdings Bhd, says RHB Capital Bhd. “It is business as usual at RHB and we will continue to focus on improving our fundamentals,” it said in a statement today. The statement was issued following a news report saying that RHB Capital may revisit earlier plans to merge with AMMB Holdings. Both banks had discussed merger plans eight years ago, but nothing materialised, the report said. — Bernama
RHB Capital has announced that it has no plans to merge with AMMB Holdings, following reports that the company may revisit earlier plans of a merger. The reports had also mentioned that should the merger take place, it would result in ANZ's stake in AMMB being diluted to below 20%.