BIMB to undertake restructuring exercise to unlock value, transfer listing status to Bank Islam

BIMB to undertake restructuring exercise to unlock value, transfer listing status to Bank Islam

The Edge Markets - Malaysia·2019-12-11 13:59

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.

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