PETALING JAYA: CIMB Group
Holdings Bhd has proposed to realise part of its investment in its fund management companies in a deal worth RM470.29mil.
In addition to monetising part of its investment in the joint venture (JV), which it has with Principal Financial Group Inc, a revaluation of its remaining stakes in the asset management business will see the second-largest banking group recognise a total gain of RM950mil.
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