trending Market Intelligence /marketintelligence/en/news-insights/trending/tYBFoPSt_TGGGwhB2-FnxA2 content esgSubNav
Discover more about S&P Global’s offerings
In This List

CIMB Group sells stakes in 2 Singapore-based units
Blog

Bank failures: The importance of liquidity and funding data

Blog

Staying Strong in Volatile Markets: How Banks Can Overcome Challenges to Funding and Lending

Blog

Silicon Valley Bank Uncovering Regional Bank Stress with Equity Driven Credit Models

Case Study

A Scorecard Approach Helps a Bank Assess Credit Risks with Smaller Companies


CIMB Group sells stakes in 2 Singapore-based units

CIMB Group Holdings Bhd. unit CIMB Real Estate Sdn. Bhd. completed the sale of its stake in CIMB-TrustCapital Advisors Singapore Pte. Ltd. and CIMB-TrustCapital AOF1 GP Pte. Ltd.

CIMB Real Estate sold a 60% stake in CIMB-TrustCapital Advisors to the firm's key business executives and employee trust and a 100% stake in CIMB-TrustCapital AOF1 to CIMB-TrustCapital Advisors, according to a Dec. 16 release.

The sale is expected to have no impact on CIMB Group's and its units' EPS, net assets per share, gearing and share capital for the year ending Dec. 31.

CIMB-TrustCapital Advisors and CIMB-TrustCapital AOF1 ceased to be indirect subsidiaries of CIMB Group following the sale.