RHB to complete insurance arm sale by 1Q20

RHB to complete insurance arm sale by 1Q20

The Edge Markets - Malaysia·2019-08-26 16:38

KUALA LUMPUR (Aug 26): RHB Bank Bhd expects to complete the disposal of up to 94.7% in RHB Insurance Bhd to Tokio Marine Asia Pte Ltd by the end of 2020's first quarter, as talks and due diligence on the proposed transaction are still ongoing.

RHB Banking Group managing director and chief executive officer Datuk Khairussaleh Ramli said today RHB Bank is still in discussions with Tokio Marine, which has started due diligence on RHB Insurance.

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