SHARES in CIMB Thai Bank soared nearly 30 per cent to its daily ceiling after its parent, Malaysia’s CIMB Group Holding, unveiled a plan for a listing on the Thai bourse by the middle of 2010.
The stock jumped 29.6 per cent to 2.32 baht, its highest since December 2006, while the main Thai index was up 0.12 per cent.
The Malaysian bank, which owns 94 per cent in CIMB Thai Bank, plans to sell up to 35 million shares in an initial public offering. - Reuters
PDF
EMAIL
PRINT
CURRENCY CONVERTER
