CIMB Bank sells 60% stake in SEA Bank for RM40mil

  • Business Premium
  • Tuesday, 01 Apr 2008

KUALA LUMPUR: Bumiputra-Commerce Holdings Bhd's subsidiary CIMB Bank is selling its 60% stake in SEA Bank for 339mil Mauritius rupees (RM40mil) to British American Investment Co. (Mtius) Ltd.

"The proposed disposal will result in a gain of approximately RM15.9mil to BCHB Group," it said in a statement to Bursa Malaysia Tuesday.

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