KUALA LUMPUR, Oct 22 — CIMB Group Holdings Bhd today denied plans to privatise its Indonesian banking subsidiary, PT Bank CIMB Niaga Tbk.
In a statement, the group said it has made no decision and tabled no formal proposal on the potential privatisation of CIMB Niaga.
The 92.5-per-cent-owned unit remains an integral part of the group’s regional footprint and remains committed to its operations in Indonesia.
“The group will continue to meet all applicable regulatory guidelines, including minimum free float requirements in a timely and structured manner,” it added.
