CIMB & China Galaxy Securities Negotiating Joint Venture
CIMB Group Holdings Berhad & China Galaxy Securities Co Ltd have signed a heads of terms to explore a strategic partnership in the stock broking business.
The business consists of institutional and retail brokerage, equities research and associated securities businesses (“stockbroking business”) and to identify further areas of co-operation in the relevant markets where they operate. Both are negotiating a 50:50 joint venture in the stock broking business.
News Source: CIMB Press Release
CIMB Group is a leading ASEAN universal bank, one of the largest Asian investment banks and one of the world’s largest Islamic banks. We are headquartered in Kuala Lumpur, Malaysia and offer consumer banking, commercial banking, wholesale banking, Islamic banking and asset management products and services. As the fifth largest banking group in ASEAN, we have over 40,000 staff in 16 locations across ASEAN, Asia and beyond.
- Origin: Kuala Lumpur, Malaysia
- Assets: US$120 billion
- Revenue: US$ 4.8 billion
- Employees: Over 40,000
Official Website: www.cimb.com
News & Media: Press Release
Updated on 8th August 2016