CIMB Bank sells stake in SEA Bank for RM40mil

  • Business Premium

  • 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.

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