MBSB - OTHERS PROPOSED MERGER OF THE BUSINESSES AND UNDERTAKINGS OF MALAYSIA BUILDING SOCIETY BERHAD (“MBSB”), CIMB GROUP HOLDINGS BERHAD (“CIMB GROUP”) AND RHB CAPITAL BERHAD (“RHB CAPITAL”) AND THE CREATION OF AN ENLARGED ISLAMIC BANKING FRANCHISE (“PROPOSED MERGER”)
| Company Name | MALAYSIA BUILDING SOCIETY BERHAD |
| Stock Name | MBSB |
| Date Announced | 10 Dec 2014 |
| Category | General Announcement |
| Reference No | MB-141210-73930 |
| Type | Announcement |
| Subject | OTHERS |
| Description | PROPOSED MERGER OF THE BUSINESSES AND UNDERTAKINGS OF MALAYSIA BUILDING SOCIETY BERHAD (“MBSB”), CIMB GROUP HOLDINGS BERHAD (“CIMB GROUP”) AND RHB CAPITAL BERHAD (“RHB CAPITAL”) AND THE CREATION OF AN ENLARGED ISLAMIC BANKING FRANCHISE (“PROPOSED MERGER”) |
We refer to the previous announcement dated 5 December 2014 in relation to the appeal application which was submitted at the request of EPF (“Announcement”). Unless otherwise stated, the definitions used here shall have the same meanings as set out in the Announcement. MBSB wishes to announce that MBSB had today received a letter from Bursa Malaysia Securities Berhad dated 10 December 2014 (“Letter”). The Letter states, inter alia, that after due deliberation and having considered all the facts and circumstances of the matter, including oral representations from EPF, the Appeals Committee decided that the matters raised and the grounds of Appeal put forth did not justify a departure from the decision of the Listing Committee. The Letter further states that there are no adequate justifications that the potential conflict of interests involving EPF has been eliminated or sufficiently mitigated and accordingly, the Appeals Committee decided to dismiss the Appeal and uphold the decision of the Listing Committee made on 21 October 2014. This announcement is dated 10 December 2014.
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