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apple developer account:BIMB gets MoF, Bank Negara’s nod to transfer listing to Bank Islam

admin2020-12-1119

BHB said this listing will allow Bank Islam to better position itself in the Islamic finance and Islamic capital market and capitalise on the growth of both markets in its efforts to expand its customer base. KUALA LUMPUR: BIMB Holdings Bhd’s (BHB) proposal to transfer its listing status to its subsidiary, Bank Islam Malaysia Bhd, has received the approval from the authorities. BHB said on Thursday it will go ahead with the group restructuring exercise that will unlock significant value for shareholders and transfer its listing status. It said it had received approval from the Minister of Finance and Bank Negara Malaysia in relation to the proposed internal reorganisation and distribution and capital repayment. “Upon completion of the proposed exercise, BHB’s listing status will be transferred to Bank Islam, which will emerge as the one and only full-fledged Islamic financial institution to be listed in the region and enhance its corporate stature, ” it said. BHB said this listing will allow Bank Islam to better position itself in the Islamic finance and Islamic capital market and capitalise on the growth of both markets in its efforts to expand its customer base. The principal adviser for the exercise is Maybank Investment Bank.
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