PETALING JAYA: To own its unlisted banking unit Bank Islam Malaysia Bhd in its entirety, BIMB Holdings Bhd
may have to fork out RM2.7bil for the remaining 49% stake it does not already own.
According to Maybank Investment Bank Research, the price tag, based on a 1.8 times price-to-book value, may also lead to a rights issue.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
