KUALA LUMPUR, June 30 (Bernama) — CGS-CIMB Securities Sdn Bhd (“CGS-CIMB Malaysia”), the Malaysian stockbroking joint venture between CIMB Group Holdings Berhad (“CIMB”) and China Galaxy International Financial Holdings Limited (“CGI”), a wholly owned subsidiary of China Galaxy Securities Co. Ltd. (“CGS”), will officially commence operations on 1 July 2019.
CIMB and CGS each owns a 50 percent stake in CGS-CIMB Malaysia, whose stockbroking business comprises institutional and retail brokerage, share margin financing for broking clients, equity financing services and equities research, as well as exchange listed derivative broking via its wholly-owned CGS-CIMB Futures Sdn Bhd.
