The Board of CIM Financial Services Ltd (‘CFSL’) wishes to announce that it has approved the proposed amalgamation of Tsusho Capital (Mauritius) Limited (‘Tsusho’) with and into CFSL, subject to obtaining relevant regulatory approvals.
The proposed amalgamation is in line with CFSL’s objective of streamlining its group structure and improving efficiency.
Shareholders and other stakeholders will be kept informed of future developments on this matter.
By order of the Board
Cim Administrators Ltd
10 August 2022
This communiqué is issued pursuant to Listing Rule 11.3 and Rule 5 of the Securities (Disclosure Obligations of Reporting Issuer) Rules 2007.
The Board of Directors of CIM Financial Services Ltd accepts full responsibility for the accuracy of the information contained in this communiqué.