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BRIEF-CIMB Group Holdings Bhd to sell 18.21% stake in Bank Of Yingkou
December 30, 2016 / 10:18 AM / 9 months ago

BRIEF-CIMB Group Holdings Bhd to sell 18.21% stake in Bank Of Yingkou

Dec 30 (Reuters) - Cimb Group Holdings Bhd :

* Entered into share transfer agreement to sell its 18.21% stake in Bank Of Yingkou to Shanghai Guozhijie Investment Development

* Agreement for total consideration of rmb1.51 billion

* Proposed divestment does not have any material effect on CIMB's consolidated net assets and earnings for the financial year ended 31 dec 2015 Source text: [ID:bit.ly/2iLs8oe] Further company coverage:

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