Tuesday, Mar 13, 2007
KUALA LUMPUR (Dow Jones)--Kuwait Finance House (Malaysia) Bhd. is still keen on equity partnership with Malaysia's RHB financial group, the Edge Daily reported.
"Yes, if we are approached and offered (an equity in RHB), we will look at it positively," Managing Director K. Salman Younis told the Edge, adding that parent Kuwait Finance House hopes to play a role if state-run Employees Provident Fund, or EPF, should "see synergies" in a KFH partnership.
KFH and rival bidder EON Capital Bhd. lost out to EPF in the race for control of Rashid Hussain Bhd. and unit RHB Capital Bhd., which operates the country's fourth-largest bank by assets.
EPF Chief Executive Azlan Zainol has said EPF will keep a 40% stake in RHB Capital and sell the rest eventually to the public and strategic partners, the report added.
Newspaper Web site: http://www.theedgedaily.com
-By Kuala Lumpur bureau; Dow Jones Newswires; 603-2692-5254; djnews.kl@dowjones.com
-Edited by Marissa Chew
Copyright (c) 2007 Dow Jones & Company, Inc.
(END) Dow Jones Newswires
13-03-07 0457GMT
