China Galaxy Acquires 50% of CIMB Securities International
Baker McKenzie is acting for China Galaxy International Financial Holdings Limited (CGI) on its conditional acquisition of a 50% stake in CIMB Securities International Pte. Ltd. (CSI), from CIMB Group Sdn Bhd (CIMB), for a total value of approximately SG$167 million. The acquisition and partnership with CIMB strengthens CGI’s footprint in the Asia Pacific region and represents its first foray into the ASEAN market and beyond. This provides greater leverage to its existing strength as a leading integrated financial services and securities provider in China.