BIMB Holdings Berhad (“BHB”) has announced that its shareholders and warrant holders have approved the proposed restructuring of BHB Group of Companies.
The decision made yesterday at its fully virtual Extraordinary General Meeting (“EGM”) and Court Convened Meeting (“CCM”) will result in Bank Islam assuming the listing status of BHB.
BHB’s Chief Executive Officer, Mohd Muazzam Mohamed, said, “BHB wishes to thank all shareholders and warrant holders for their confidence and trust in BHB and its group of companies for the past 24 years. We received overwhelming support from them during the EGM and CCM held yesterday, in which almost 100% voted for all the resolutions we tabled. We look forward to charting another meaningful journey in the Islamic finance sphere with Bank Islam at the helm as the only listed pure-play full-fledged Islamic financial institution.”
The expected completion of the exercise is August 2021.