KUALA LUMPUR: RHB Banking Group completed its corporate restructuring exercise when RHB Bank Bhd assumed the listing status of RHB Capital Bhd on the main market of Bursa Malaysia today.
At the opening bell, its shares opened at RM4.64, a discount of five sen against the reference price of RM4.69, with 4,100 shares changing hands.
RHB Cap was last traded on May 30, 2016 at RM6.10 per share with a market capitalisation of RM18.76 billion before being suspended the next day.
Nevertheless, RHB Banking Group Managing Director Datuk Khairussaleh Ramli said he was pleased with the opening price given the current volatility in the global economy.
“As compared to other certain markets which have gone down by seven per …
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