RHB Bank injects additional RM8.6mil into Boost


RHB Bank and BHSB hold 40% and 60% of equity share capital in Boost Bank.

PETALING JAYA: RHB Bank Bhd has subscribed for an additional 8.6 million ordinary shares in Boost Bank for a cash consideration of RM8.6mil, maintaining its 40% equity interest in the digital bank.

This comes as Boost Holdings Sdn Bhd (BHSB), an indirect subsidiary of Axiata Group Bhd, also subscribed for an additional 12.9 million new Boost Bank shares on Jan 16, 2024 for a cash consideration of RM12.9mil.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Maxis 3Q24 profit up 28%
Better for ringgit to rise gradually rather than skyrocket
Knee-deep in flood woes with slow progress of projects
A race to the future
Short-term pain, long-term gain
Westports quarterly earnings grow on transhipment business
99 Speed Mart 3Q numbers driven by outlet expansion
BiiB makes big strides in running
A year-end to savour
Tailwinds in private aircraft servicing

Others Also Read