Malaysia's RHB Bank ends talks to sell insurance unit to Tokio Marine

Malaysia's RHB Bank ends talks to sell insurance unit to Tokio Marine

FILE PHOTO: Malaysia's RHB Bank logo is seen at its branch in Kuala Lumpur September 4, 2013. REUTERS/Bazuki Muhammad/File Photo

RHB Bank Bhd, Malaysia’s fourth-biggest lender by assets, said on Thursday it had called off talks to sell up to 94.7% of its shares in RHB Insurance to Tokio Marine Asia (TMA), a unit of Japan’s Tokio Marine Holdings Inc.