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Bank Islam Brunei delays IPO on Bursa to H1 of 2018


KUALA LUMPUR: Bank Islam Brunei Darussalam Bhd., the Southeast Asian sultanate’s biggest lender, has postponed a planned initial public offering that could raise as much as us$500mil, people familiar with the matter said.

Bank Islam needs more time to complete some internal restructuring procedures before it proceeds with the listing in Kuala Lumpur, the people said, asking not to be identified because the process is private. 

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