{"id":91,"date":"2025-05-07T03:16:51","date_gmt":"2025-05-07T03:16:51","guid":{"rendered":"https:\/\/hartaco.com\/?p=91"},"modified":"2025-05-07T03:16:51","modified_gmt":"2025-05-07T03:16:51","slug":"cimb-bank-secures-rm210m-deal-to-buy-16-epf-properties","status":"publish","type":"post","link":"https:\/\/hartaco.com\/index.php\/2025\/05\/07\/cimb-bank-secures-rm210m-deal-to-buy-16-epf-properties\/","title":{"rendered":"CIMB Bank Secures RM210m Deal to Buy 16 EPF Properties"},"content":{"rendered":"<p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/hartaco.com\/wp-content\/uploads\/2025\/05\/CIMB_Bank_Secures_RM210m_Deal_to_Buy_16_EPF_Properties_v1_generated_image_20250507111649.png\" alt=\"Article featured image\"\/><\/figure>\n<\/p>\n<p>CIMB Bank Bhd has taken a strategic step toward property ownership by acquiring 16 operational premises from Malaysia&#8217;s Employees Provident Fund (EPF) for RM209.81 million. The purchase marks a shift from the bank&#8217;s previous leasing arrangement, terminating a 15-year rental agreement that would have expired in June 2025.<\/p>\n<p>The transaction, disclosed through a Bursa Malaysia filing, involves properties currently housing CIMB Bank&#8217;s operational branches. The bank retains first-right options on eight additional EPF-owned properties should the pension fund fail to find alternative buyers. An independent valuation will determine the repurchase price for these remaining assets.<\/p>\n<p>This acquisition forms part of CIMB Bank&#8217;s broader financial strategy, expected to positively impact its 2025 profit and loss statements. The deal structure aligns with existing lease terms, ensuring continuity for the bank&#8217;s business operations while transitioning to ownership.<\/p>\n<p>Completion of the property transfer is anticipated between late 2025 and early 2026, pending unforeseen delays. The move reflects CIMB&#8217;s long-term commitment to securing strategic assets while optimizing its financial position in Malaysia&#8217;s competitive banking sector.<\/p>","protected":false},"excerpt":{"rendered":"<p>CIMB Bank Bhd has taken a strategic step toward property ownership by acquiring 16 operational premises from Malaysia&#8217;s Employees Provident Fund (EPF) for RM209.81 million. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-91","post","type-post","status-publish","format-standard","hentry","category-new"],"_links":{"self":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/91","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/comments?post=91"}],"version-history":[{"count":1,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/91\/revisions"}],"predecessor-version":[{"id":92,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/posts\/91\/revisions\/92"}],"wp:attachment":[{"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/media?parent=91"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/categories?post=91"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hartaco.com\/index.php\/wp-json\/wp\/v2\/tags?post=91"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}