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CIMB buys Jupiter Securities from Olympia Industries for RM55m

Mimi Sabreena 7:30:00 PM Informasi

KUALA LUMPUR (Sept 6): CIMB Group Holdings Bhd announced it will acquire the entire equity stake in dormant stockbroking firm Jupiter Securities Sdn Bhd for RM55 million.

CIMB said in a filing today its wholly-owned unit CIMB Group Sdn Bhd has inked a Share Purchase Agreement (SPA) with shareholders of Jupiter Securities for the acquisition.

Jupiter Securities, together with its four subsidiaries, has a combined paid-up capital of RM24.59 million. The firm is a 74.43% subsidiary of Olympia Industries Bhd.

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