General Announcement

02/10/2003

PROPOSED ACQUISITION OF FOREIGN SUBSIDIARY BY CIMB (L) LIMITED

CIMB BERHAD

Type

Announcement
SubjectPROPOSED ACQUISITION OF FOREIGN SUBSIDIARY BY CIMB (L) LIMITED

Contents :



1. INTRODUCTION

      CIMB Berhad (CIMB or the Company) is pleased to announce that CIMB (L) Limited (CIMB Labuan), a licenced offshore bank and a subsidiary of the Company, proposes to acquire 51% of the equity interest of P.T. Niaga Sekuritas of Indonesia (Niaga Sekuritas) primarily via the subscription of new Niaga Sekuritas shares (Proposed Acquisition). Niaga Sekuritas is currently a 99% owned subsidiary of P.T. Bank Niaga of Indonesia (Bank Niaga) which in turn is a 51% owned subsidiary of Commerce Asset-Holding Berhad (CAHB).
For full details of this announcement, please refer to the attachment.

CIMB (CC-031002-55261).pdf

Attachments

CIMB (CC-031002-55261).pdf
123 KB


Announcement Info

Company NameCIMB BERHAD  
Stock Name CIMB
Date Announced2 Oct 2003  
CategoryGeneral Announcement
Reference NoCC-031002-55261

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