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.