RHB to sell Indonesian firm

Mon, 26 Feb 2001 | Source: AFP

KUALA LUMPUR (AFX-ASIA): RHB Capital Bhd. said it has identified a potential buyer for its 85 percent stake in Jakarta- based stockbrokerage PT Rashid Hussain Securities, but negotiations on the terms and conditions are still ongoing.

The company said in a statement no definitive sale and purchase agreement has been signed.

RHB Capital was replying to a query from the Kuala Lumpur Stock Exchange following a report yesterday which quoted sources close to the company.

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