BIMB proposes group restructuring, listing transfer to Bank Islam

KUALA LUMPUR: BIMB Holdings Bhd has proposed a group restructuring exercise to unlock value for its shareholders and transfer its listing status to its subsidiary, Bank Islam Malaysia Bhd.

"This listing will allow Bank Islam to better position itself in the Islamic finance and Islamic capital market and capitalise on the growth of both markets in its efforts to expand its customer base," said BIMB in a statement.