CIMB Group completes shareholding sale in CGS-CIMB Securities

“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.