Thursday 28 Mar 2024
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KUALA LUMPUR (Sept 20): CIMB Group Holdings Bhd shares fell 1.86% in active trade in the morning session today, after it confirmed its Japanese shareholder Mitsubishi UFJ Financial Group (MUFG) has sold its entire stake of 412 million shares, equivalent to a 4.6% stake in the group, via an overnight block trade.

At 12.30pm, CIMB fell 12 sen to RM6.34, with 38.56 million shares traded.

The shares were held via MUFG’s banking entity, the Bank of Tokyo-Mitsubishi UFJ Ltd.
 
“The divestment was part of MUFG’s strategic global masterplan, which included a review of its portfolio of existing investment in affiliates,” CIMB and MUFG said in a joint statement this morning.

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