Malaysia CIMB: Got Philippine Central Bank OK to Buy Stake in Bank of Commerce

Date : 11/22/2012 @ 6:13AM
Source : Dow Jones News
Stock : Bank of Commerce Holdings (CA) (MM) (BOCH)
Quote : 11.5  0.0 (0.00%) @ 2:05AM
Bank OF Commerce share price Chart

Malaysia CIMB: Got Philippine Central Bank OK to Buy Stake in Bank of Commerce

Bank OF Commerce (NASDAQ:BOCH)
Historical Stock Chart

5 Years : From Oct 2012 to Oct 2017

Click Here for more Bank OF Commerce Charts.
   By Abhrajit Gangopadhyay 

KUALA LUMPUR--Malaysian lender CIMB Group Holdings Bhd. (1023.KU) has received approval from Bangko Sentral ng Pilipinas for its proposed purchase of 59.98% equity stake in Bank of Commerce, the company said in a stock exchange filing Thursday.

"Barring any unforeseen circumstances, the proposed acquisition is expected to be completed by January 2013," it said in the statement.

The proposed acquisition is part of CIMB's broader push to expand footprint in the Asean region.

In May, it had announced its stake purchase in Bank of Commerce for 881 million ringgits (US$288 million) following a decision in April to buy part of RBS's cash equities and its related investment banking operations in Asia.

Write to Abhrajit Gangopadhyay at

Subscribe to WSJ:

Latest BOCH Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V:us D:20171020 08:55:22