“The request for suspension was made under Paragraph 3.1(b) of Practice Note 2 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad pending a material announcement to be released by the company,” the banking groups said in separate filings with the stock exchange.
Bank Negara Malaysia granted approval to RHB and AMMB in June for merger talks. The three-month exclusivity agreement on merger talks ends on Aug 30.
The proposed merger is to create the fourth largest banking group in Malaysia in terms of market capitalisation.
Source: The Sun Daily