MALAYSIA: RHB Capital, which owns RHB Islamic, is reportedly looking to issue shares to pay for its acquisition of the investment arm of OSK Holdings, OSK Investment Bank.
RHB Capital may issue new shares equivalent to as much as 10% of its existing equity to pay for the unit, valuing the transaction at up to RM1.63 billion (US$512 million), based on RHB Capital’s closing price on the 18th November.