CGS-CIMB Securities is considering a dual listing in Singapore and Malaysia, possibly by next year, with a valuation of around S$1 billion targeted, the Straits Times reported Wednesday, citing CEO Carol Fong.
The brokerage is a joint venture between China Galaxy Securities (CGS) and CIMB, which is Malaysia’s second-largest bank after Maybank, the report said. CGS-CIMB’s businesses include retail broking, institutional equities and wealth management, the report said.
