RHB Bank gets Bank Negara nod for talks to sell general insurance

RHB said on Wednesday the central bank stated that “it has no objection for the company to commence negotiations with Tokio Marine in relation to the proposed disposal of up to 94.7% of its equity interest in RHB Insurance

KUALA LUMPUR: KUALA LUMPUR: RHB Bank Bhd has received the approval from Bank Negara Malaysia to start negotiations for the proposed sale of its general insurance business to Tokio Marine Asia Pte Ltd.

It said on Wednesday the central bank stated that “it has no objection for the company to commence negotiations with Tokio Marine in relation to the proposed disposal of up to 94.7% of its equity interest in RHB Insurance”.