Thursday 28 Mar 2024
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KUALA LUMPUR (July 27): Shares in CIMB Group Holdings Bhd were up by 2.34% this morning in active trade, following the recent newsflow surrounding the banking group. 

At 11.03am, CIMB was up 15 sen to RM6.55, with 6.44 million shares traded. 

CIMB had on July 24 announced its subsidiary Touch 'n Go had entered into an equity joint venture (JV) with Alipay, a subsidiary of Ant Financial Services Group, to launch a new e-wallet platform in Malaysia.

Earlier on July 19, the group said its 94.11%-owned unit CIMB Thai Bank PCL's second quarter net profit rose 794% to 356.64 million baht (about RM46.36 million) from a year earlier, as operating income rose on higher net interest income and foreign exchange transaction gains.

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