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Global Investment Bank Aspirations: CGS International Rebrands

The Straits Times LogoThe Straits Times1 mo ago

 Global Investment Bank Aspirations: CGS International Rebrands - The Straits Times

Quick Summary:

Rebranding follows purchase of remaining stake in its joint-venture with CIMB in December 2023.

The rebranding comes in the wake of its parent CGS exercising its option to acquire for RM780 million (S$221.9 million) the remaining stake in the joint venture – then known as CGS-CIMB Securities – in December 2023.

This is the first in a three-pronged strategy to reach its objective of being a truly global investment bank.β€œTo become the poster child of successful dealmaking, we hope to generate $1 billion worth of deals, via mergers and acquisitions,” she said.


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Article Details

Category: EconomyBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-18 @ 16:57:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 805 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 20720163

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 5 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 3 hours ago

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Publisher ID: #25

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