Malaysia's RHB, OSK sign $620 million merger deal

May 28
8:51 AM 2012

Malaysia's RHB Capital Bhd (RHBC.KL) and OSK Holdings Bhd (OSKH.KL) said on Monday they had signed a 1.95 billion ringgit ($620 million) merger deal that values OSK's investment banking arm at 1.77 times book value.

RHB and OSK announced on April 27 they had obtained the Malaysian Finance Ministry's approval for the merger of RHB's banking group with OSK's investment bank. Both firms have been in talks since late last year.

This article is copyrighted by Reuters

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