The Board of CIM Financial Services Ltd ('CFSL') is pleased to announce that following regulatory approval obtained, CFSL has sold its wholly owned subsidiary, Cim Forex Ltd to Swan General Ltd.
This sale is in line with CFSL’s strategic intent to concentrate its resources on the growth of its core activities.
This transaction does not amount to a notifiable transaction under Chapter 13 of the Listing Rules.
By order of the Board
Cim Administrators Ltd
21 July 2022
This Communique is issued pursuant to Listing Rules 11.3, Rule 5 of the Securities (Disclosure Obligations of Reporting Issuers) Rules 2007 and Section 87(1) of the Securities Act 2005.
The Board of CIM Financial Services Ltd accepts full responsibility for the accuracy of the information contained in this Communique.