RHB plans to complete the sale in the third quarter of this year. — Reuters pic
In a filing with Bursa Malaysia, RHB Bank said its investment banking unit today inked a conditional agreement with Phillip Securities for the proposed disposal of RHBSS, which is expected to be completed in the third quarter of 2020. As such, Philip Securities would only be acquiring RHBSS’ stick broking business, RHB Bank said without mentioning any purchase consideration figure.
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