CIMB Group (KLSE:CIMB) unit CIMB Thai Bank will delist from the Stock Exchange of Thailand, effective Sept. 12.
CIMB Thai shares will remain available for trading for seven business days from Sept. 3 to Sept. 11 before the delisting takes effect, according to a Friday Malaysian bourse filing.
The delisting follows revised minimum free-float requirements introduced by the exchange in March 2024 and will have no material impact on CIMB Thai's customers, operations, financial strength or regulatory standing.
CIMB Thai will remain a core unit of the group and continue its banking operations, CIMB said.