When will BIMB securities resume trading after the announcement?

Question

Accepted Answer

BIMB Securities to Resume Trading on Wednesday Morning

BIMB Securities will resume trading on Wednesday at 9 am, following a trading suspension pending a material announcement regarding its fundraising exercise. The company successfully completed a book building exercise for the placement of its shares, which was oversubscribed by both existing shareholders and new investors.
Placement Share Price Fixed

The board of BIMB Holdings Bhd has set the issue price for its placement shares at RM3.58 per share. This price represents a discount of approximately 9.4 per cent when compared to the volume-weighted average price of BHB shares recorded over the five market days up to and including April 12, 2021, which stood at RM3.9521.
Fundraising Exercise Details

The fundraising initiative involves the issuance of 222.22 million new shares. This issuance represents 12 per cent of BIMB's issued share capital and is expected to raise RM795.6 million. The book building process for this placement concluded today, indicating strong investor interest.
Trading Suspension and Resumption

Trading of BIMB securities was suspended until 5 pm today, pending the material announcement related to the fundraising exercise. The company informed Bursa Malaysia that trading is scheduled to resume on Wednesday at 9 am, as approved by the stock exchange operator.

Reading history

Hide →

This history is cleared when the page is closed.

When will BIMB securities resume trading after the announcement?

Loading

Was this article helpful?

Helpful

Not helpful

Report an issue

2

0

0

Share with friends