Thursday, November 4, 2010

CIMB Thai divests BT Insurance for RM40.68m

KUALA LUMPUR: CIMB Thai Bank Public Co. Ltd has completed the divestment of its entire 99.99% stake in BT Insurance Co. Ltd for cash consideration of 392 million Thai baht (RM40.68 million).

CIMB Group Holdings Bhd said the divestment was completed on Thursday, Nov 4 and had ceased to be an indirect subsidiary.


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