KUALA LUMPUR, Nov 25 (Bernama) -- RHB Investment Bank Bhd, a wholly-owned subsidiary of RHB Bank Bhd, will divest approximately 99.95 per cent of its equity interest in RHB Securities (Thailand) Public Company Ltd and exit the Thailand stockbroking and securities market.
In a statement today, the bank said the divestment aligns with its long-term strategic focus to optimise its capital, streamline resources, and strengthen its presence in core markets.
It said the divestment is expected to be completed by the fourth quarter of 2024, subject to regulatory approvals and other customary conditions.
“The transaction will not impact issued share capital or substantial shareholders’ shareholdings in RHB Bank,” it added.
-- BERNAMA
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