CIMB Bhd is dealing with the Singapore government’s investment arm Temasek Holdings (Private) Ltd to develop real estate funds in Malaysia.
“The joint venture will also be a platform for the provision of real-estate investment expertise in Malaysia by combining CIMB's and MCM's expertise in structured finance and real estate”, CIMB in a statement to Bursa Malaysia said.
CIMB Group is a premier Malaysian investment bank offering distinctive financial products with a uniquely Malaysian touch. The company is the investment banking arm of Commerce Group, the second largest integrated financial service provider in Malaysia, which also includes Bumiputra-Commerce Bank Berhad. CIMB Group provides tailored investment banking products and services covering the equity and debt capital market products and includes advisory and origination, lending, underwriting, dealing, trading and research.