Malayan Banking (Maybank)'s subsidiary Maybank Indonesia is to sell its entire 68.55% stake in WOM Finance to PT Reliance Capital Management for IDR673.77bn (approximately 673.77 billion rupiah), as part of Maybank's strategy to maximise capital and streamline the business.
Malayan Banking (Maybank)'s subsidiary Maybank Indonesia is to sell its entire 68.55% stake in WOM Finance to PT Reliance Capital Management for IDR673.77bn ($51m), as part of Maybank's strategy to maximise capital and streamline the business.