Mitsubishi UFJ Financial Group ups CIMB stake

Cost management: CIMB is a stock loved by investors for its liquidity, but they are also quick to punish it at the slightest hint of bearish sentiment.

PETALING JAYA: Mitsubishi UFJ Financial Group Inc (MUFG) has emerged as a substantial shareholder in CIMB Group Holdings Bhd with a 5.11% indirect stake.

This follows the acquisition of 24.279 million shares by the Morgan Stanley Group on March 29.