CIMB Bhd has proposed to acquire 18.45 million shares, or 51% equity interest, in P.T. Niaga Sekuritas of Indonesia for 20.7 billion rupiah or RM9.6mil cash.
CIMB said it would buy 179,000 existing shares in Niaga Sekuritas from P.T. Niaga Manajmen Citra and subscribe to 18.27 million new shares.
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