|
|
 |
|
Viewing report
|
|
|
|
BULLETIN: Acquisition of GK Goh's Stockbroking Business to Widen CIMB's Regional Presence Jan 05
Standard & Poors, Jan 2005
Abstract
SINGAPORE (Standard & Poor's) Jan. 14, 2005--Standard & Poor's Ratings Services said today that the acquisition by Malaysia's CIMB Bhd. (CIMBB) of the stockbroking business of Singapore-based GK Goh Holdings Ltd. will enhance the geographical diversity of the parent Commerce Asset-Holding Berhad (CAHB; BBB-/Stable/A-3) group's investment banking franchise. Nevertheless, the profit contribution to the CAHB group, upon completion of the acquisition, is not expected to be substantial over the near term. This acquisition is, however, expected to provide a platform for future growth prospects of the CAHB group. Going forward, the group will be better placed to leverage its research and securities trading expertise, given its enhanced regional presence through the regional networks of its subsidiary, Commerce International Merchant Bankers...
Companies mentioned in this report are: CIMB Investment Bank Bhd.,CIMB Group Holding Bhd.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
