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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

RHB hosts webinar on small cap investment Premium
Bursa Malaysia posts RM355.25mil net profit for FY2021 Premium
AirAsia changes name to Capital A to reflect new core business strategy Premium
Thai finance ministry keeps 2022 GDP outlook despite Omicron Premium
Credit Suisse expects 50 bps cut in China's first-half reserve requirement ratio Premium
KPower bags RM104.96mil solar PV project Premium
Asian stocks, U.S. futures regain footing after hawkish Fed Premium
Affin Hwang IB to divest entire stake in Affin Hwang Asset Management to CVC Capital Partners Premium
Digi posts net profit of RM304.55mil in 4Q, div of 3.9c/share Premium
FBM KLCI rises slightly ahead of CNY week Premium

Others Also Read