Bursa likely to reject exemption for EPF to vote on banks merger

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KUALA LUMPUR (Oct 21): Bursa Malaysia Bhd is expected to disallow The Employees Provident Fund (EPF) to vote in the proposed merger of RHB Capital Bhd, CIMB Group Holdings Bhd and Malaysia Building Society Bhd (MBSB).

Sources say Bursa was not willing to make an exemption to allow EPF which has interests in all three financial institutions to vote.

The Bursa listing committee is meeting today on the matter.