BIMB brings long-awaited placement

By Rashmi Kumar
13 Apr 2021

BIMB Holdings, a Malaysian financial holding company that is in the midst of a restructuring, is looking to raise about MR795.6m ($192.4m) from a primary placement of new shares.

Bookbuilding for the transaction opened on Tuesday morning through placement agents BIMB Securities and Maybank Investment Bank.

On offer are up to 222.222m shares of BIMB, equal to 10.7% of its enlarged share capital, at a fixed price of MR3.58. This gives investors a 9.1% discount to BIMB’s ...

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