ID :
115187
Mon, 04/05/2010 - 21:11
Auther :
Shortlink :
https://oananews.org//node/115187
The shortlink copeid
CIMB GETS M'SIA'S CENTRAL BANK NOD FOR DUAL LISTING IN THAILAND
KUALA LUMPUR, April 5 (Bernama) -- CIMB Group Holdings Bhd has obtained Bank
Negara Malaysia (BNM)'s approval for a dual listing on the Stock Exchange of
Thailand (SET).
In a filing to Bursa Malaysia (Malaysia's stock exchange) Monday, CIMB
Investment Bank Bhd said on behalf of CIMB Group that BNM, Malaysia's central
bank, had, vide its letter dated April 5, 2010, informed that it had no
objection to the proposed SET listing.
"In this regard, approval is granted for CIMB Group to issue new ordinary
shares via initial public offering on SET for this dual listing purpose.
"In granting its approval, BNM stipulates that CIMB Group is required to put
in place a mechanism to monitor the movement of its shareholding so as to ensure
all shareholding requirements under the Banking and Financial Institutions Act
1989 and the foreign equity limit are complied with at all times," CIMB
Investment said.
-- BERNAMA