OTHERS RHB BANK BERHAD ("RHB BANK") DISPOSAL BY RHB INVESTMENT BANK BERHAD ("RHB INVESTMENT BANK"), A WHOLLY-OWNED SUBSIDIARY OF RHB BANK, OF ITS ENTIRE EQUITY INTEREST IN RHB SECURITIES SINGAPORE PTE LTD ("RHB SECURITIES SINGAPORE") ("DISPOSAL")
| RHB BANK BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | RHB BANK BERHAD ("RHB BANK")
DISPOSAL BY RHB INVESTMENT BANK BERHAD ("RHB INVESTMENT BANK"), A WHOLLY-OWNED SUBSIDIARY OF RHB BANK, OF ITS ENTIRE EQUITY INTEREST IN RHB SECURITIES SINGAPORE PTE LTD ("RHB SECURITIES SINGAPORE") ("DISPOSAL") |
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We refer to the announcements dated 29 June 2020 and 1 September 2020 in relation to the Disposal.
The Board of Directors of RHB Bank wishes to announce that RHB Investment Bank has, on 11 September 2020, completed the disposal of its entire equity interest in RHB Securities Singapore for a consideration of SGD87.62 million.
Accordingly, RHB Securities Singapore has ceased to be a wholly-owned subsidiary of RHB Investment Bank.
This announcement is dated 11 September 2020. |
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Announcement Info
| Company Name | RHB BANK BERHAD |
| Stock Name | RHBBANK |
| Date Announced | 11 Sep 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-11092020-00086 |