Monday, June 7, 2010

CIMB's listing in Bangkok to be delayed, says Thai bourse

BANGKOK: The listing of Malaysia's CIMB Group would be delayed for a few months from June, Reuters reported the Stock Exchange of Thailand as saying on Monday, June 7.

"CIMB needs more time to study legal issues clearly", SET Chief Marketing Officer Vichet Tantiwanich told reporters.

The Malaysian bank owns 93% of CIMB Thai Bank.

In early May, CIMB said it would stick to its plan to seek a listing on the Thai bourse in July this year despite the current political crisis in Thailand. - Reuters


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