KUALA LUMPUR (July 27): CIMB Group Holdings Bhd said today that its chairman Datuk Seri Nazir Razak had on Tuesday, dealt in five million CIMB shares at RM6.3455 each. The transaction was valued at RM31.73 million.   

CIMB told Bursa Malaysia today that Nazir had yesterday informed CIMB on the transaction outside the group's closed period. CIMB added that the five million shares constituted a 0.05% stake in CIMB.

"CIMB wishes to notify Bursa Securities that the company had on 26 July 2017 received notification from Dato’ Sri Nazir Razak in relation to dealings of shares in the company," CIMB told Bursa Malaysia today.

CIMB said there was "no change in beneficial ownership" as the dealing was a transfer from Nazir to a company owned by him.

At 12:30pm, CIMB shares rose 17 sen or 3% to settle at RM6.57, for a market value of RM59.38 billion.

CIMB, which was Bursa Malaysia's eighth most active stock, was also the seventh-largest gainer.