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CIMB to raise up to RM3.6b

Outplacement of 400m new shares will be at between RM7.10 and RM7.25 apiece
Tuesday, January 14, 2014 - 06:00

MALAYSIA'S second largest lender, CIMB Group Holdings, could raise up to RM3.6 billion (S$1.4 billion) by placing out new shares, including a sizeable option, to boost core capital. Citing a term sheet with details of the deal, Reuters reported that CIMB would sell 400 million new shares, or a 5