KUALA LUMPUR, Dec 11 (Bernama) — BIMB Holdings Berhad (“BHB”) announced today it will undertake a group restructuring exercise that will unlock significant value for shareholders and transfer its listing status to its subsidiary, Bank Islam Malaysia Berhad (“Bank Islam”).
In its announcement to Bursa Malaysia Securities Berhad, BHB said the proposed restructuring would involve five components. They are:
