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Two Of Malaysia's Big Banks Shelve Merger Plans

Josh O'Neill

24 August 2017

Malaysia's were not able to reach an agreement on mutually acceptable terms and conditions for the proposed merger”, according to a joint statement filed to the stock exchange. 

Merger talks began in June after the banks received approval from Malaysia's central bank. 

RHB Bank's share price was up 3.89 per cent at the time of writing, while AMMB Holdings was down 2.34 per cent (13:19, 23/08/17).