Potential overhang well mitigated by adequate bond conversion maturity period.
KUALA LUMPUR: CIMB Group
Holdings Bhd is selling its entire 51% stake in CIMB Howden Insurance Brokers Sdn Bhd (CHIB) for RM59.6mil, as the banking group seeks to focus on its core operations.
CIMB, on Wednesday, entered into a share purchase agreement with HBG Asia Holdings Limited and HBG Malaysia Sdn Bhd (Howden) for the disposal.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
