RHB to focus on stockbroking and selective investment banking business in Indonesia

RHB Banking Group (“RHB” or the “Group”) announces that PT RHB Sekuritas Indonesia, a subsidiary of RHB Investment Bank Berhad, has entered into a conditional share purchase agreement (“CSPA”) with Allianz Global Investors Asia Pacific Limited (“AllianzGI”) and PT Asuransi Allianz Life Indonesia (“Allianz Life Indonesia”) for the disposal of its investment management services in PT RHB Asset Management Indonesia (“RHBAMI”) (“Proposed Transaction”).

The Proposed Transaction entails the disposal of PT RHB Sekuritas Indonesia’s entire 98.62% equity interest and 1.00% equity interest in RHBAMI to AllianzGI and Allianz Life Indonesia respectively.

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