King & Wood Mallesons advises RBS on sale of Malaysian assets
King & Wood Mallesons (KWM) has advised Royal Bank of Scotland Group Plc (RBS) on the sale of its assets in Malaysia to CTBC Financial Holding Co,. one of Taiwan's leading financial holding companies.
CTBC Financial has agreed to purchase a 100 percent stake in the Royal Bank of Scotland Berhad, a subsidiary of RBS for US$188 million. The acquisition will be completed through CTBC Financial’s two subsidiaries, the banking flagship CTBC Bank and its insurance arm Taiwan Life Insurance.