If the three-way merger deal between CIMB Group Bhd, RHB Capital Bhd (RHB Cap) and Malaysia Building Society Bhd (MBSB) had gone through, it would have caused 8,000 people to lose their jobs.
CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak said that would have been difficult to handle and it was one of the factors that he considered when he decided to call off the deal.
“I’m thankful we didn’t do it,” Nazir said on the deal that he was happy to give a ‘miss’ during his career as an investment banker.
“If we had proceeded into the weaker economic conditions, the deal would have done serious damage to our respective franchises.
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CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak said that would have been difficult to handle and it was one of the factors that he considered when he decided to call off the deal.
“I’m thankful we didn’t do it,” Nazir said on the deal that he was happy to give a ‘miss’ during his career as an investment banker.
“If we had proceeded into the weaker economic conditions, the deal would have done serious damage to our respective franchises.
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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