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CGS-CIMB eyes dual listing in Singapore, Malaysia by 2023, IPO target at $1b: CEO
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CGS-CIMB Securities CEO Carol Fong is looking to achieve an average growth rate of between 15 and 25 per cent for the firm.
ST PHOTO: LIM YAOHUI
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SINGAPORE - Leading brokerage CGS-CIMB Securities is eyeing a dual listing in Singapore and Malaysia as early as 2023, chief executive Carol Fong told the Straits Times.
The Singapore-based firm, a joint venture between China Galaxy Securities (CGS) and CIMB Group, holds a portfolio that includes retail broking, institutional equities and wealth management. Ms Fong said the company aims to have a valuation of around $1 billion at its listing.
