Malaysia's proposed $20 billion merger to create the world's biggest Islamic bank is likely to be scrapped after CIMB Holdings and RHB Capital failed to agree on new deal terms, people familiar with the matter told Reuters.
RHB capital
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A USD2 billion loan was paid off in full by state owned IPIC from RHB Capital.
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
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