RHB Bank up 1.6% on ending talks to sell insurance unit to Tokio Marine

RHB Bank up 1.6% on ending talks to sell insurance unit to Tokio Marine

The Edge Markets - Malaysia·2019-12-13 11:13

KUALA LUMPUR (Dec 13): Shares in RHB Bank Bhd, Malaysia's fourth-biggest lender by assets, rose 1.6% at mid-morning today after it said on Thursday it had called off talks to sell up to 94.7% of its shares in RHB Insurance to Tokio Marine Asia (TMA), a unit of Japan's Tokio Marine Holdings Inc.

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