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CGS International fully acquires CGS-CIMB Securities; leans into China Investment Corporation 'parentage'

Bryan Wu
Bryan Wu • 2 min read
CGS International fully acquires CGS-CIMB Securities; leans into China Investment Corporation 'parentage'
CEO Carol Fong says CGS-CIMB Securities will strengthen its unique position as the nexus for China-ASEAN relations and the gateway to Asia moving forward.
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CGS International Holdings has completed its acquisition of CGS-CIMB Securities after acquiring CIMB Group’s remaining stake in their joint venture (JV).

On Dec 29, CGS-CIMB Securities announced that CIMB’s 25.01% stake in CGS-CIMB Securities International (CSI) and 25% stake in CGS-CIMB Holdings (CCH) had been taken over by CGS International.

CSI and CCH are collectively referred to as CGS-CIMB Securities.

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