Malaysia’s RHB Investment Bank to sell SG stockbroking biz to Phillip Securities

Malaysia’s RHB Investment Bank to sell SG stockbroking biz to Phillip Securities

Kuala Lumpur, Malaysia. Photo: Pixabay

Malaysia’s RHB Banking Group said Monday its wholly-owned subsidiary RHB Investment Bank has entered into a conditional share purchase agreement with Phillip Securities for the disposal of its stockbroking businesses in Singapore.