Silverlake

Silverlake: The stock price of Silverlake Axis edged down 5% to SGD1.27 in early afternoon trading. The stock could be reacting negatively to a potential cancellation of the mega bank merger in Malaysia between CIMB, RHB and MBSB. Recall that Silverlake is expected to benefit from this merger by executing integration projects for the enlarged entity. The merger will also secure RHB as a new customer. CIMB and MBSB are existing customers of Silverlake.