BIMB Holdings fixes issue price

BIMB will be issuing 222.2 million new shares, representing approximately 12% of the issued share capital of BIMB, to the placees.

KUALA LUMPUR: BIMB Holdings Bhd has fixed the issue price for its private placement shares at RM3.58 per share to raise RM795.6mil.

The price represents a discount of approximately 9.4% to the volume weighted average price of BIMB shares for the five market days up to and including April 12,2021 of RM3.9521.