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Friday, March 17, 2017

Nazir Razak unloads two million shares in CIMB

http://54.169.246.38/en/s3/files/styles/282x211/s3/nazir_razak_theedgemarkets_2.png?itok=HH7c3jfH© Provided by The Edgehttp://54.169.246.38/en/s3/files/styles/282x211/s3/nazir_razak_theedgemarkets_2.png?itok=HH7c3jfH
KUALA LUMPUR (March 17): Malaysia’s second largest banking outfit CIMB Group Holdings Bhd saw its chairman Datuk Seri Nazir Razak disposing of two million shares at RM5.689 apiece, for a total of RM11.38 million.
Following the disposal, Nazir’s stake in CIMB was reduced to 44.51 million shares or a 0.5% stake.
At today’s closing price of RM5.65, Nazir’s remaining holdings in CIMB is valued at RM251.46 million, while the banking firm is valued at a market capitalisation of RM50.11 billion.
Boasting a staff strength of 39,000, CIMB’s total assets stood at RM485.6 billion as at end-2016.

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