The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

CIMB in talks to sell stake in brokerage business for US$200m: sources

Published Tue, Jan 24, 2017 · 09:50 PM
Share this article.

Hong Kong

CIMB Group Holdings Bhd, Malaysia's second-biggest lender, is in talks to sell a stake in its brokerage business to China Galaxy Securities Co for about US$200 million, people with knowledge of the matter said.

CIMB is in negotiations to sell a minority stake in its Malaysian securities unit and as much as 50 per cent of its overseas brokerage business to Galaxy Securities, according to the people. The Kuala Lumpur-based bank aims to reach a deal by the en…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here