RHB Capital, OSK seek merger approval

RHB Capital Bhd and OSK Holdings Bhd have submitted an application to merge.

Both companies said the application was to seek approval from the Minister of Finance, through Bank Negara, for the possible merger of businesses of OSK Investment banking group and RHB banking group, reports Bernama.

The groups have secured the central bank's approval to commence negotiations for a possible merger last October 14.