The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Proposals.
We refer to the announcement made by RHB Investment Bank Berhad ("RHBIB"), on behalf of the Board of Directors of OSKH ("Board"), on 15 October 2014.
On behalf of the Board, RHBIB wishes to announce that the Bank Negara Malaysia had, vide its letter dated 5 December 2014, approved to the potential increase in the effective interest in RHB Capital Berhad ("RHB Capital"), RHB Bank Berhad ("RHB Bank"), RHBIB and RHB Islamic Bank Berhad ("RHB Islamic") by Tan Sri Ong Leong Huat @ Wong Joo Hwa ("Tan Sri Ong") and persons connected to him, in the event that the Proposals involving three listed companies controlled by Tan Sri Ong materialise. The approvals are granted pursuant to:-
i. Section 87(1)(a) of the Financial Services Act 2013 ("FSA") for Tan Sri Ong and persons connected to him to hold in aggregate of 5% or more of effective interest in shares in RHB Capital, RHB Bank and RHBIB; and
ii. Section 99(1)(a) of the Islamic Financial Services Act 2013 ("IFSA") for Tan Sri Ong and persons connected to him to hold in aggregate of 5% or more of effective interest in shares in RHB Islamic.
However, the above approvals are subject to the potential increase shall not exceed the permissible 10% holding limit by an individual pursuant to Section 92 of the FSA and Section 104 of the IFSA.
This announcement is dated 8 December 2014.