LATEST NEWS   The govt has opted for a 2 pct EPF contribution rate for foreign workers instead of the originally proposed 12 pct -- PM Anwar | King's address: MADANI Gov't will ensure economic resources are distributed for national development, benefiting all levels of society – PM Anwar | ACCCIM urges govt to introduce export credit schemes and reduce import duties on raw materials to help SMEs adapt to new trade policies by major economies | Parliament opening ceremony: King's address filled with messages, must be understood by both gov't and opposition MPs - Fahmi | Firm action through diplomatic, legal and defence channels must be taken to safeguard sovereignty rights and national interests - King | 

RHB Investment Bank To Divest Equity Interest In RHB Securities Thailand

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