CIMB Group Holdings Bhd’s Representative Office in Mumbai, India, has completed its closure process, effective Aug 11.
This follows the approval of the closure by the Reserve Bank of India on the same date.
The Registrar of Companies of India had already approved the closure on March 5, according to a bourse filing by CIMB on Aug 12.
“CIMB Group will continue to maintain a presence in India via our joint venture partnership with China Galaxy International Financial Holdings Pte Ltd, namely CGS-CIMB,” said the bank.
At the end of the trading day, CIMB’s shares were at RM3.54, up 10 sen, with 11.4 million shares traded. – Aug 12, 2020
