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PETALING JAYA: Mitsubishi UFJ Financial Group (MUFG), a long-time shareholder in CIMB Group Holdings Bhd, is divesting its interest in the second-largest financial institution in Malaysia. News of MUFG’s proposed exit could have been the main trigger for CIMB’s shares falling 23 sen yesterday, wiping out RM2.08bil in the counter’s market capitalisation.
KUALA LUMPUR: CIMB Group Holdings Bhd’s proposed private placement of new shares to raise RM3.55bil to support future growth is credit positive, says Moody’s Investors Service.
KUALA LUMPUR: CIMB Group has signed a partnership agreement with six partners to offer local graduates a dual-track development programme to enhance their skills.
CIMB Bank recently announced the launch of the Kwik Account, the first account in Malaysia that can be opened online without visiting a bank branch, and is instantly activated upon successful application.
PETALING JAYA: The Employees Provident Fund (EPF) may reduce its stake in CIMB Group Holdings Bhd, thereby removing the issue of the retirement fund’s conflict of interest in the ongoing mega banking merger involving that bank, RHB Capital Bhd (RHB Cap) and Malaysian Building Society Bhd (MBSB).