BIMB likely to undertake private placement in H2

The reorganisation would see Bank Islam taking over the listing status of BIMB, a structure similar to that of Affin Bank Bhd and RHB Bank Bhd.

PETALING JAYA: BIMB Holdings Bhd is expected to start the process of its planned private placement in the second half of this year.

The corporate exercise, which could raise up to RM630mil, according to AmResearch, would go towards settling the outstanding sukuk held by parent Lembaga Tabung Haji (TH) and facilitate the long-awaited reorganisation of the group structure.