BIMB wraps up placement on strong investor support

Malaysia_Kuala Lumpur_575px_Alamy_April 15 2021
By Rashmi Kumar
15 Apr 2021

BIMB Holdings, a Malaysian financial holding company, has raised MR795.6m ($192.4m) from a primary placement of shares, part of a group-wide restructuring that is expected to be completed by August.

Bookbuilding took place on Tuesday through placement agents BIMB Securities and Maybank Investment Bank. About 222.222m shares were on offer at MR3.58 each, which is where the deal was sealed. The price gives investors a 9.1% discount to BIMB’s last closing price of MR3.94 on Monday on Bursa ...

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