CIMB and RHB shares up, MBSB down, on bank-merger cancellation

[KUALA LUMPUR] Shares of CIMB Group Holdings Bhd and RHB Capital Bhd climbed on Thursday morning, while Malaysia Building Society Bhd (MBSB) fell, after the banks cancelled plans for a three-way merger.

CIMB was up 3.8 per cent to its highest point since Nov. 20, and RHB rose 2.6 per cent, while MBSB fell 3.2 per cent, after the three failed to seal a "value creating transaction" for what would have been the country's biggest bank by assets.

REUTERS