Great Eastern to buy 21.8% of Boost Holdings

CEO of Axiata Digital Mohd Khairil Abdullah (screen, right) and Group CEO of Great Eastern Khor Hock Seng (screen, left) speaking from Singapore via live streaming during the Axiata Digital and Great Eastern Strategic Investment and Deepen Collaboration in Fintech Services at Axiata Tower today. Also present President and Group CEO of Axiata Group Berhad Tan Sri Jamaludin Ibrahim (seated, middle) - Bernama

KUALA LUMPUR: Singapore-based insurer Great Eastern will buy a 21.875% stake in Boost Holdings Sdn Bhd that will see it becoming an equity partner with Axiata Digital Services Sdn Bhd.

Great Eastern, a subsidiary of OCBC Bank, will invest US$70mil (RM299.355mil) to grow Boost Holdings’ digital financial services business across the region, both companies said at a joint press conference.