KUALA LUMPUR: CIMB Group Holdings Bhd has proposed a special interim dividend, to be paid in PT Bank CIMB Niaga Tbk (Niaga) shares, to increase the public float of its Indonesian subsidiary with the aim of complying with the Indonesia Stock Exchange (IDX) listing regulations.
In a filing with Bursa Malaysia yesterday, CIMB Group said it proposed to distribute 1.367 billion existing Niaga Class B shares (dividend shares), or about 5.44% equity interest in Niaga, to its shareholders on an entitlement date to be later determined.