KUALA LUMPUR (Aug 28): CIMB Group Holdings Bhd’s (KL:CIMB) Thai unit, CIMB Thai Bank, will be delisted from the Stock Exchange of Thailand on Sept 12, more than two and a half years after a regulatory process triggered by stricter free-float requirements.
The minimum free-float requirements were introduced in March 2024.
In a filing with the local stock exchange, CIMB said the shares will resume trading for seven business days from Sept 3 to Sept 11 before the delisting takes effect.
It said the delisting will have no material impact on CIMB Thai’s customers, operations, financial strength or regulatory standing. CIMB Thai will remain a core subsidiary and continue its banking operations as usual.
After the free-float rules were changed, CIMB Thai’s shares were flagged with a “CF” (caution — free float) indicator from June 5, 2024. CIMB Thai then held a one-year public consultation to inform shareholders and stakeholders about the issue, with no major concerns or objections raised.
Despite the delisting, CIMB said CIMB Thai will remain an important part of the group’s Asean network, supporting cross-border trade, investment, corporate banking and regional client connectivity.
CIMB Thai posted a more than fivefold increase in net profit for the second quarter ended June 30, 2026, driven by sharply lower-than-expected credit losses and higher operating income.
Net profit rose to 886.3 million Thai baht (RM107.8 million) for the three months ended June 30, 2026, from 174.5 million Thai baht a year earlier, a bourse filing showed.