CIMB expects more M&As as Malaysia seeks to pare stakes in state firms

A staff attends to a customer at a branch of CIMB Bank in Kuala Lumpur December 8, 2009. REUTERS/Bazuki Muhammad

Malaysia could see a flurry of merger and acquisition (M&A) activity in the coming months as the government looks to pare down direct ownership in companies to raise funds, the chief executive of CIMB Investment Bank said.

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