Chinese banks will be invited to take up a 25 percent stake in Malaysia's RHB Capital that has been put up for sale by Abu Dhabi Commercial Bank (ADCB) , the Edge Financial Daily reported on Thursday, citing sources. The stake in RHB Capital, Malaysia's fourth largest lender by assets, has been put on auction at an indicative price of $1.5 billion. "This is one of the talking points between officials from both countries during the visit by Chinese Premier Wen Jiabao to Malaysia," the Edge said, quoting unidentified sources. Wen Jiabao is due to sign a series of agreements this week during a visit to Malaysia and Indonesia, covering everything from banking and energy to palm oil and infrastructure. According to the Edge, Chinese banks would be the leading contenders for the stake in the Malaysian lender that has also drawn interest from other banks and private equity firms.
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