News Formal

RHB Bank to sell stock broking business in Singapore | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

KUALA LUMPUR, June 29 — RHB Investment Bank Bhd has proposed to sell the stock broking business under its subsidiary RHB Securities Singapore Pte Ltd (RHBSS) to Phillip Securities Pte Ltd. In a filing with Bursa Malaysia, RHB Bank said its investment banking...

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RHB disposes of Singapore stockbroking business to Phillip SecuritiesKUALA LUMPUR: RHB Banking Group has proposed to dispose of its stockbroking businesses in RHB Securities Singapore Pte Ltd (RHBSS) to Phillip Securities Pte Ltd.
Source: staronline - 🏆 4. / 75 Read more »