BIMB to undertake restructuring exercise to unlock value, transfer listing status to Bank Islam
KUALA LUMPUR (Dec 11): BIMB Holdings Bhd is undertaking a group restructuring exercise to unlock significant value for shareholders and transfer its listing status to its subsidiary Bank Islam Malaysia Bhd.
In a bourse filing today, BIMB said the restructuring will involve a proposed placement of new BIMB shares to raise RM800 million.……
SE Asia Business Bank
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