Latest news with #CIMBBankBhd
The Star
4 days ago
- Business
- The Star
Trading in CIMB Thai suspended for not meeting minimum public spread
KUALA LUMPUR: The securities of CIMB Bank Bhd's 94.83%-owned Thai banking arm have been suspended from trading on the Stock Exchange of Thailand (SET) from June 5, 2025, to comply with new regulations on the minimum public shareholding spread. The suspension of share trading on CIMB Thai Bank Public Co Ltd was imposed in line with new regulations that came into effect on March 24, 2024, for companies that did not meet the 15% minimum float requirement. Under the new regulations, there could be an eventual delisting of CIMB Thai if the minimum free float requirement is not met within one year and subject to the discretion of SET. Prior to the new regulations, CIMB Thai had been paying penalty fees since 2011 for not meeting the minimum float requirement. However, CIMB Group Holdings Bhd, the parent of CIMB Bank, said it has no intention of increasing the free float of CIMB Thai's shares. "The suspension and potential delisting have no impact on CIMB Thai's customers, operations, or financial soundness. CIMB Thai remains a core subsidiary of the group and will continue its banking operations as usual," it said in a filing with Bursa Malaysia. CIMB Thai's shares were last traded at THB0.37 (4.8 sen) a share on June 4. Shares in CIMB Group were down three sen or 0.44% to RM6.84 a share at Friday's close.
The Star
05-05-2025
- Business
- The Star
Trading ideas: CIMB, SunREIT, PLB, Capital A, GenM, MN, TCS, Exsim, OB, Sentoria, Farm price, Jentayu, Ramssol
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. CIMB Group Holdings Bhd's wholly owned CIMB Bank Bhd will acquire 16 properties it currently leases from the Employees Provident Fund for RM209.8mn in cash. Sunway Real Estate Investment Trust is selling the Sunway University and college campus to Sunway Education Group's Sunway College (KL) Sdn Bhd for RM613mn cash as part of its asset recycling strategy. PLB Engineering Bhd is selling five land parcels in Tasik Gelugor, Penang, totaling 199.5 acres, to property developer Telaga Raya Sdn Bhd for RM48.0mn cash. Capital A Bhd 's auditors Ernst & Young PLT issued an unqualified opinion on its 2024 accounts but flagged doubts about its ability to continue operating, citing uncertainties surrounding the pending sale of Capital A's stakes in AirAsia Aviation Group and AirAsia Bhd to AirAsia X Bhd . Genting Malaysia Bhd is going to gain full control of loss-making Empire Resorts Inc in a USD41mn deal from the Lim family's Kien Huat Realty III Ltd, by acquiring the remaining 51% stake in Genting Empire Resorts LLC that it does not own. MN Holdings Bhd said its joint venture with Protech Builders Sdn Bhd has secured a sub-contract worth RM50.0mn for the mechanical, electrical and plumbing fit-out works of a data centre. TCS Group Holdings Bhd 's unit, TCS Construction Sdn Bhd, has received DBKL's approval to resume construction on the J. Satine mixed development in Wangsa Maju. Exsim Hospitality Bhd's wholly-owned subsidiary Exsim Concepto Sdn Bhd has received a sub-contract from Nestcon Builders Sdn Bhd for interior fit-out works to apartment units for RM17.2mn. OB Holdings Bhd has signed two letters of intent with CSPC Innovation Pharmaceutical Co Ltd and CSPC Weisheng Pharmaceutical (Shijiazhuang) Co, subsidiaries of Hong Kong-listed CSPC Pharmaceutical Group Ltd. Bursa Malaysia Securities has warned that Sentoria Group Bhd 's shares will be suspended if it fails to submit its annual report for the financial year ended Dec 31, 2024, by May 8, 2025. Farm Price Holdings Bhd has proposed to undertake a bonus issue of up to 225mn warrants, on the basis of one warrant for every two shares held by shareholders. Jentayu Sustainables Bhd has re-designated chairman Datuk Beroz Nikmal Mirdin as managing director effective immediately as part of a management restructuring exercise. Ramssol Group Bhd saw its net profit rise 40% to RM5.8mn for the 1QFY25, from RM4.2mn a year ago, driven by higher sales of human capital management solutions in Malaysia and Thailand.
