Boost and RHB Bank ink share subscription agreements

PETALING JAYA: Boost Holdings Sdn Bhd, the financial technology arm of Axiata Group Bhd, and RHB Bank Bhd have executed share subscription agreements (SSA) to jointly subscribe to 100 million shares in newly incorporated Boost Bhd for RM100mil cash.

In a filing with Bursa Malaysia, Axiata said Boost Holdings and RHB Bank shall hold 60% and 40%, respectively, of the equity share capital in Boost.