KUALA LUMPUR: RHB Capital Bhd’s shares eased in Tuesday’s early trade after its major shareholder, the Employees Provident Fund, denied reports that there were merger talks.
At 9.23am, the stock was down 10 sen to RM7.03.
On Monday, RHB Cap shares rose to a 13-year high on speculation that it might merge with a local lender. The potential suitors cited were AmBank Group, Malayan Banking Bhd and CIMB Group Holdings Bhd.
RHB Cap shares jumped 29 sen to close at RM7.13 with 3.8 million shares traded on Monday.
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