“With the completion of the sale, CIMB Group’s interest in CSI and CCH will reduce from 50% and 50% to 25.01% and 25% respectively and CGI’s interest will correspondingly increase to 74.99% and 75%,” CIMB said.
KUALA LUMPUR: CIMB Group Holdings Bhd
’s wholly-owned subsidiary CIMB Group Sdn Bhd (CIMBG) has completed the sale of 24.99% and 25% of its shareholding in CGS-CIMB Securities International Pte Ltd (CSI) and CGS-CIMB Holdings Sdn Bhd (CCH), respectively, to China Galaxy International Financial Holdings Ltd (CGI).
In a filing with Bursa Malaysia yesterday, it said the completion is upon receiving relevant regulatory approvals.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
