PETALING JAYA: RHB Bank Bhd has obtained the green light from Bank Negara to start discussions with Tokio Marine Asia Pte Ltd for the proposed sale of up to 94.7% of its equity interest in its insurance unit, RHB Insurance.
Shares in the lender were suspended in the morning trading session pending this announcement. The stock was down four sen upon the resumption of trading but finished the day six sen higher at RM5.50.
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