The stake is valued at 972 million ringgit ($216.75 million), according to a statement from CIMBGroup, Malaysia’s second-largest lender by assets. The all-cash deal is subject to regulatory approvals and is expected to be completed in 2017.
Continue reading this story with a subscription to DealStreetAsia.Subscribe
Already a Subscriber? Log in
Contact us for corporate subscriptions at email@example.com