CIMB Singapore pulls out as Catalist sponsor for SGX-listed firms
Add BT as a preferred sourceCIMB Bank Singapore on Friday announced its intention to cease acting as a Catalist sponsor, so it can focus on clients listed on the mainboard of the Singapore Exchange.
In a statement, the bank said it will ensure that its existing Catalist clients continue to receive support from another Catalist sponsor. It will engage its Catalist clients on this process and remains committed to ensuring that these clients remain in compliance with the Catalist rules.
CIMB said its focus on mainboard-listed clients is independent of its commercial banking activities. Its other banking services and relationships with Catalist clients will remain in place.
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