CIMB continues to value its partnership with CGS

“We value our current partnership with CGS where we continue to own a residual 25% stake," said Abdul Rahman.

PETALING JAYA: The “marriage” between CIMB Group Holdings Bhd and China Galaxy Securities Co Ltd (CGS) for the stockbroking business may not be ending after all.

This was hinted by CIMB chief executive officer Datuk Abdul Rahman Ahmad as he labelled a news report by a local business publication on the acquisition of KAF Investment Bank Bhd’s stockbroking business by CIMB as “market rumour.”