Connect with us

Business

CIM Finance sells forex subsidiary to SWAN
Advertisement

Business

Reserve Bank of India partially relaxes restrictions on SBM Bank India

Business

The man who downloaded the entire Mauritius corporate registry

Business

Indian Central Bank orders SBM Bank to stop some transactions with immediate effect

Business

CIM Finance sells forex subsidiary to SWAN

Published

7 months ago

on

CIM Finance sells forex subsidiary to SWAN

The Board of CIM Financial Services Ltd has sold its wholly owned subsidiary, Cim Forex Ltd to Swan General Ltd for an undisclosed amount.

The transaction received regulatory approval, the company said in a communique issued through the Stock Exchange of Mauritius.

CIM Finance explained that this sale is in line with its “strategic intent to concentrate its resources on the growth of its core activities”.

CIM Forex was incorporated in 1997 and has been regulated and licensed by the Bank of Mauritius to carry out foreign exchange business in Mauritius since 1999.

As a foreign exchange dealer, the company buys and sells foreign currencies, on a spot and forward basis; carries out the function of a money changer.

Bookmark (0)

No account yet? Register

Spread the News
CIM Finance sells forex subsidiary to SWAN
The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.
Related Topics:
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Continue Reading

The information and opinions expressed in our published works are those of authors/sources believed to be reliable. NewsMoris makes no representations as to accuracy, completeness, suitability, or validity of any information expressed.