RHB Bank said the additional subscription would be funded through its internally generated funds.
PETALING JAYA: RHB Bank
Bhd has subscribed to an additional 51 million new shares in Boost Bank for RM51mil in cash to maintain its 40% stake in the digital bank.
In a filing with Bursa Malaysia, RHB Bank said the additional subscription would be funded through its internally generated funds.
The shares were acquired between May 17, 2024, and March 27, 2025.
“The purpose of the additional subscription is to fund Boost Bank’s growth and operations, and to continue meeting the minimum capital funds as required by Bank Negara,” RHB Bank said.
As of March 21, the Employees Provident Fund, a major shareholder of RHB Bank with a 37.87% stake, also holds an 18.17% stake in Axiata Group Bhd. Boost Bank is an indirect subsidiary of Axiata.
