Banking

PBB acquires Vietnam firm from RHB Bank

PETALING JAYA: Public Bank Bhd (PBB) is acquiring the entire charter capital of RHB Securities Vietnam Co Ltd from RHB Bank Bhd for RM72.55mil.

In a filing with Bursa Malaysia, PBB said the proposed acquisition is also expected to further strengthen the bank’s presence and its subsidiaries in Vietnam, as well as provide synergy to its Indo-China operations.

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