CIMB Bank sells stake in SEA Bank for RM40mil


  • Business
  • Wednesday, 02 Apr 2008

PETALING JAYA: Bumiputra-Commerce Holdings Bhd (BCHB) subsidiary CIMB Bank is selling its 60% stake in SEA Bank for 339 million Mauritius rupees (RM40mil) to British American Investment Co Ltd.

“The proposed disposal will result in a gain of about RM15.9mil to BCHB group,” it said in a statement to Bursa Malaysia yesterday.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

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