You are here

CIMB to raise up to RM3.6b

Outplacement of 400m new shares will be at between RM7.10 and RM7.25 apiece

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...

Market voices on: