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CIMB Group to offload noncore assets

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CIMB Group to offload noncore assets

CIMB GroupHoldings Bhd. plans to sell noncore assets to free up capital, The Edge reported April 4, citing CEOZafrul bin Tengku Abdul Aziz.

The divestment is part of the group's 2018 business plan,the CEO said. His comments followed the company's plan to its 51% stake in PT CIMB Sun Lifeto Sun Life FinancialInc.