RHB Bank subscribes additional 3.4 million shares in Boost Bank

KUALA LUMPUR: RHB Bank Bhd has subscribed for an additional 3.4 million new Boost Bank shares for RM3.4 million cash to maintain its 40 per cent equity interest in the digital bank.

In a filing to Bursa Malaysia, RHB Bank said Boost Holdings, an indirect subsidiary of Axiata Group Bhd, had also subscribed for an additional 5.1 million new Boost Bank shares worth RM5.1 million to maintain its 60 per cent equity interest in Boost Bank.