RHB ready to deal with CIMB, Maybank

RHB Capital has received permission from Bank Negara to negotiate with CIMB Group and Maybank on merger plans.

RHB Cap had submitted its application to the central bank and has received a letter of approval to commence negotiations with both banking groups for three months from the date of the letter.

CIMB had appointed Morgan Stanley as its adviser while it was reported previously that Maybank has gone with Nomura Singapore Ltd.