Public Bank’s acquisition of RHB Securities Vietnam is expected to boost the group’s future earnings and enhance its presence in Vietnam.
In a filing with Bursa Malaysia, PBB said the proposed acquisition is in line with PBVN’s business objectives and growth strategies to expand its operational capabilities in Vietnam. “Upon completion of the proposed acquisition, PBVN intends to leverage on its existing client base to grow the securities trading business,” it said.
“PBB Group has an existing securities trading arm in Cambodia, namely Campu Securities Plc, which is a wholly-owned subsidiary of Cambodian Public Bank Plc, which in turn is a wholly-owned subsidiary of PBB.
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