TWO days ago, a filing to the stock exchange by RHB Capital Bhd (RHB Cap) took the market by surprise. It said that the central bank had ordered a cap on the voting rights of Aabar Investments PJS in RHB Cap to 15%.
It was also revealed that RHB Cap is prohibited from issuing more than 15% of new shares to Aabar, which currently has a 21.09% stake in RHB Cap.
The statement alluded to the fact that this condition dates back to 2010 when the Ministry of Finance (MoF) gave its approval to Aabar to buy a 25% stake in RHB Cap.
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It was also revealed that RHB Cap is prohibited from issuing more than 15% of new shares to Aabar, which currently has a 21.09% stake in RHB Cap.
The statement alluded to the fact that this condition dates back to 2010 when the Ministry of Finance (MoF) gave its approval to Aabar to buy a 25% stake in RHB Cap.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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