BHSB, RHB Bank put RM85mil into Boost

RHB Bank and BHSB will hold 40% and 60% of equity share capital in Boost, respectively, after the subscription.

PETALING JAYA: Boost Bhd has raised RM85mil from the issue of new shares to its two main shareholders, RHB Bank Bhd and Boost Holdings Sdn Bhd (BHSB).

RHB Bank subscribed 34 million new ordinary shares in Boost for RM34mil cash while BHSB, a 75.43% subsidiary of Axiata Group Bhd, subscribed for an additional 51 million new Boost shares for RM51mil.