Analysts are cautiously optimistic about CIMB’s overall trajectory.
KUALA LUMPUR: CIMB Bank will acquire 16 properties from the Employees Provident Fund (EPF) Board for RM209.81mil cash, ahead of the expiry of its lease for these properties on June 30, 2025.
CIMB Group Holdings Bhd
, the holding company of the bank, said in a filing with Bursa Malaysia it had entered into sales and purchase (S&P) agreements with the EPF - which is a major shareholder in the group - to acquire 16 of the 24 properties that are presently being utilised by CIMB Bank for its banking business.
