https://www.scmp.com/rss/62746/feed CIMB Group is a Malaysian banking group whose activities span retail, commercial and investment banking. The group is based in Kuala Lumpur. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Malaysia's CIMB Group, the country's second-largest lender by assets, may be able to revive its attempted entry into Asia's fastest-growing banking market by targeting Philippine National Bank (PNB). CIMB scrapped a takeover of Manila-based Bank of Commerce in June after disagreeing on terms with the sellers. With a market value of US$18 billion, CIMB said last month it was still seeking assets in the Philippines, where bank profits grew faster in the past five years than anywhere else in... https://www.scmp.com/business/banking-finance/article/1315504/philippine-foray-still-tempting-cimb?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1315504/philippine-foray-still-tempting-cimb?utm_source=rss_feed Sun, 22 Sep 2013 16:00:00 +0000 Regional banking group CIMB, which acquired key Asian assets of Royal Bank of Scotland last year, is targeting China for rapid business expansion outside its home market in Malaysia. In April last year, the Kuala Lumpur-based investment and consumer banking group agreed to pay US$140 million for some Asian assets of loss-making RBS, which was bailed out by the British government during the 2008 financial crisis. Now chief executive Nazir Razak is aiming to open new offices in China, with a view... https://www.scmp.com/business/banking-finance/article/1297648/cimb-puts-china-heart-growth-push?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1297648/cimb-puts-china-heart-growth-push?utm_source=rss_feed Sun, 18 Aug 2013 16:00:00 +0000 CIMB Group is keen to use its recent acquisition of some Asian assets from Royal Bank of Scotland (RBS) to help it expand rapidly outside its home market, focusing on Southeast Asia and China. Nazir Razak, chief executive of CIMB, the second-largest bank in Malaysia, told the South China Morning Post in an exclusive interview he wanted to make better use of those RBS assets than Nomura did when it acquired Lehman Brothers' assets in Asia and Europe during the 2008 global financial crisis. Nazir,... https://www.scmp.com/business/banking-finance/article/1091519/malaysian-bank-uses-rbs-assets-grow-asia?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/1091519/malaysian-bank-uses-rbs-assets-grow-asia?utm_source=rss_feed Mon, 26 Nov 2012 16:00:00 +0000 Royal Bank of Scotland has signed the final deal to sell most of its equity capital market business in the Asia-Pacific region to Malaysia's CIMB. RBS said yesterday it had agreed to exit its regional cash equities, corporate broking, equity capital markets, and mergers and acquisitions businesses as part of its plan to restructure its wholesale banking operations. CIMB would be the sole buyer of these assets, including cash equities businesses in Australia, mainland China, Hong Kong, India... https://www.scmp.com/article/997330/rbs-sells-asia-pacific-businesses-cimb?utm_source=rss_feed https://www.scmp.com/article/997330/rbs-sells-asia-pacific-businesses-cimb?utm_source=rss_feed Mon, 02 Apr 2012 16:00:00 +0000 Real estate investment and capital management Mapletree Investment Mapletree is best known in Hong Kong for its recent acquisition of Festival Walk from Swire Properties. The leading Asia-focused real estate development, investment and capital management company owns and manages a diverse portfolio of assets in Singapore and across Asia. 'Our staff strength has increased five-fold from 200 in 2002 to over 1,000 today, but we see the need to further increase the number of our overseas staff... https://www.scmp.com/article/983905/property-nous-demand?utm_source=rss_feed https://www.scmp.com/article/983905/property-nous-demand?utm_source=rss_feed Fri, 04 Nov 2011 16:00:00 +0000 The mainland property sector lurches between two extremes: euphoric price rises and crushing anti-bubble actions by regulators. Even when it is riding high the industry is ever wary of the next clampdown on its credit, restrictions on new mortgages, or a vast state-led increase in land supply. Analysts like the listed property developers that are still controlled by the state, which have more exposure to modest flats in so-called third tier markets. The following are some analysts' calls for... https://www.scmp.com/article/968504/market-calls?utm_source=rss_feed https://www.scmp.com/article/968504/market-calls?utm_source=rss_feed Sun, 22 May 2011 16:00:00 +0000 China Resources Enterprise, a consumer-focused conglomerate, reported a 34.74 per cent fall in net profit for the first quarter, hit by the slowing economy and deflation in the country. The decline, although in line with analysts' expectations, sent its stock slipping as much as 4.42 per cent yesterday before closing down 2.46 per cent at HK$15.86. The company, which operates supermarkets and produces Snow beer with SABMiller, said net profit for the three months to March was HK$417 million,... https://www.scmp.com/article/681192/china-resources-posts-347pc-fall-net-profit?utm_source=rss_feed https://www.scmp.com/article/681192/china-resources-posts-347pc-fall-net-profit?utm_source=rss_feed Fri, 22 May 2009 16:00:00 +0000 China Resources Snow Breweries, a joint venture between red chip China Resources Enterprise and London-listed SABMiller, will pay 749 million yuan (HK$850.19 million) for three mainland breweries to strengthen its foothold on existing markets. The company said the acquisition, which includes a cash portion of 633 million yuan, would boost CR Snow's production capacity 4 per cent to 12.17 million kilolitres. It did not disclose how it would pay for the rest of the deal. The deal will add one... https://www.scmp.com/article/671420/cr-snow-buys-3-plants-boost-beer-capacity?utm_source=rss_feed https://www.scmp.com/article/671420/cr-snow-buys-3-plants-boost-beer-capacity?utm_source=rss_feed Thu, 26 Feb 2009 16:00:00 +0000 China Construction Bank's principal activities are the provision of corporate and personal banking services, conducting treasury business and corresponding banking business, and the provision of asset management and trustee services. https://www.scmp.com/article/640044/company-profile-china-construction-bank?utm_source=rss_feed https://www.scmp.com/article/640044/company-profile-china-construction-bank?utm_source=rss_feed Sun, 01 Jun 2008 16:00:00 +0000 FerroChina, a Singapore-listed mainland coiled-steel maker, has attracted interest from Australia's BlueScope Steel and Russian firms including Evraz Group over selling an about 20 per cent stake with a current market value of US$167 million. FerroChina executive director Norman Fong said last month that the company was looking for foreign investors to increase sales and access to raw materials. The company said last week it had hired Merrill Lynch as a strategic adviser. FerroChina's shares... https://www.scmp.com/article/635997/overseas-firms-show-interest-ferrochina?utm_source=rss_feed https://www.scmp.com/article/635997/overseas-firms-show-interest-ferrochina?utm_source=rss_feed Thu, 01 May 2008 16:00:00 +0000 Khazanah Nasional, the investment arm of the Malaysian government, plans to sell its entire stake in mainland department store operator Parkson Retail Group through a share placement and convertible bond sale, sources familiar with the situation said. Khazanah is offering eight million Parkson shares at HK$70 to HK$72.30 each, an up to 8 per cent discount to the stock's close of HK$76.10 yesterday, according to a sale document obtained by fund managers. It is also selling US$543 million ... https://www.scmp.com/article/628717/khazanah-nasional-sell-parkson-stake?utm_source=rss_feed https://www.scmp.com/article/628717/khazanah-nasional-sell-parkson-stake?utm_source=rss_feed Wed, 05 Mar 2008 16:00:00 +0000 Skyworth Digital Holdings, the mainland's second-largest television maker, said the proposed spin-off of its set-top box unit for a separate listing would help the company meet financing needs to run the business. Capital is needed because most of Skyworth's set-top boxes are sold through cable operators to new subscribers at negligible cost. 'A set-top box costs about 700 yuan, while cable operators charge their customers less than 100 yuan per month. As such, our credit period to the cable... https://www.scmp.com/article/620248/set-top-box-spin-aid-skyworth-fund-needs?utm_source=rss_feed https://www.scmp.com/article/620248/set-top-box-spin-aid-skyworth-fund-needs?utm_source=rss_feed Wed, 19 Dec 2007 16:00:00 +0000 Bank of East Asia's principal activities are personal banking, corporate banking, investment banking and other financial services. Under personal banking services, it provides personal internet banking, consumer finance, property loans and credit card business. Through corporate banking services, it provides commercial lending, community lending, securities lending, trust services and corporate internet banking. The investment banking services provides treasury operations, securities broking... https://www.scmp.com/article/596269/company-profile-bank-east-asia?utm_source=rss_feed https://www.scmp.com/article/596269/company-profile-bank-east-asia?utm_source=rss_feed Sun, 10 Jun 2007 16:00:00 +0000 Industrial and Commercial Bank of China's main activities are personal banking, corporate banking and investment banking. Under personal banking services, the group provides personal internet banking, consumer finance, property loans and credit card business. Through corporate banking services, the group provides commercial lending, community lending, securities lending, trust services and corporate internet banking. The investment banking services provide treasury operations, securities broking... https://www.scmp.com/article/596305/company-profile-industrial-and-commercial-bank-china?utm_source=rss_feed https://www.scmp.com/article/596305/company-profile-industrial-and-commercial-bank-china?utm_source=rss_feed Sun, 10 Jun 2007 16:00:00 +0000 Skyworth Digital Holdings, a leading mainland television maker, said net profit slumped 42.6 per cent for the year to March because of the lack of exceptional gains. Net profit fell to $216 million from $376 million a year ago. Turnover edged up to $10.69 billion from $10.46 billion. Without the one-off gain, profit for last year should have been about $200 million, the firm said. 'Last year, given the intense competition, such results are not bad,' executive chairman Wang Dianfu... https://www.scmp.com/article/557867/skyworth-digital-posts-42pc-drop-earnings?utm_source=rss_feed https://www.scmp.com/article/557867/skyworth-digital-posts-42pc-drop-earnings?utm_source=rss_feed Mon, 24 Jul 2006 16:00:00 +0000 NWS Holdings, the cash-rich infrastructure arm controlled by New World Development, yesterday said it was not ruling out investment opportunities outside China after a media report said it planned to invest in $3 billion worth of infrastructure projects in South America. Hong Kong Economic Times said NWS had plans to invest in a basket of infrastructure projects including highways and airports in Suriname, north of Brazil. 'The report is true in some parts and wrong in others,' said a NWS... https://www.scmp.com/article/537294/cash-rich-nws-keeps-all-its-options-open?utm_source=rss_feed https://www.scmp.com/article/537294/cash-rich-nws-keeps-all-its-options-open?utm_source=rss_feed Mon, 20 Feb 2006 16:00:00 +0000 Magazine group plans to launch two new titles in mainland Listing candidate One Media Group is banking on revenue growth from its mainland magazine business by launching two new titles, including the mainland edition of its flagship celebrity title Ming Pao Weekly and the United States-based Rolling Stone, in the next few months. One Media plans to raise between $100 million and $125 million by selling 100 million new shares in an initial public offering at an indicative price range of $1 to... https://www.scmp.com/article/518362/one-media-looks-north-growth?utm_source=rss_feed https://www.scmp.com/article/518362/one-media-looks-north-growth?utm_source=rss_feed Thu, 29 Sep 2005 16:00:00 +0000 Premium watch distributor Sincere Watch (Hong Kong), hoping to raise up to $120.36 million from a share offering, plans to use half of the proceeds to expand its business in China. Director Soh Gim Teik yesterday said although mainland sales taxes on luxury goods could be as high as 30 per cent, he was confident customers would pay for premium brand-name watches even though they could get a better deal in tax-free markets such as Hong Kong. 'There is always a market for brand products in... https://www.scmp.com/article/518361/sales-taxes-fail-dim-watch-firms-china-hopes?utm_source=rss_feed https://www.scmp.com/article/518361/sales-taxes-fail-dim-watch-firms-china-hopes?utm_source=rss_feed Thu, 29 Sep 2005 16:00:00 +0000