Malaysia's RHB Bank gets nod to sell up to 94.7% to Tokio Marine Asia

Malaysia's RHB Bank gets nod to sell up to 94.7% to Tokio Marine Asia

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, Malaysia’s fourth-biggest lender, said on Wednesday it had received permission from the country’s central bank to start talks to sell up to 94.7% of its shares in its general insurance arm to Tokio Marine Asia Pte Ltd.