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Phillip Securities to buy RHB's Singapore stockbroking business

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Khairussaleh Ramli, group MD of RHB Banking Group, said the move will enable the group to offer its clients a more holistic customer experience.

Singapore

IN CONTINUED consolidation within the stockbroking industry, Phillip Securities is buying RHB Investment Bank Berhad's (RHBIB) Singapore stockbroking business in RHB Securities Singapore (RHBSS) for an undisclosed sum.

The consideration will be calculated "based on the...

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