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BIMB surges to multi-year highs of RM3.95
by hlk Fri 17 May 2013, 12:19
KUALA LUMPUR: Shares of BIMB Holdings Bhd
surged to multi-year highs of RM3.95 on Friday on recent news that it
was nearing the completion of its purchase of a 30.5% stake in Bank Islam Malaysia Bhd.
At 11.49am, it was up 19 sen to RM3.90. There were 165,400 shares done at prices ranging from RM3.76 to RM3.95.
The
FBM KLCI was up 2.13 points to 1,768.85. Turnover was 888.95 million
shares valued at RM646.71mil. There were 90 gainers, 272 losers and 267
counters unchanged.
StarBiz quoted BIMB chief executive officer Johan Abdullah as saying BIMB was close to acquiring the stake from Dubai Financial Group.
"At
this juncture, the valuation and pricing parameters have somewhat been
determined, but we have not received a full-blown proposal yet.
"We are going to discuss this in detail at the end of the month," he said.
surged to multi-year highs of RM3.95 on Friday on recent news that it
was nearing the completion of its purchase of a 30.5% stake in Bank Islam Malaysia Bhd.
At 11.49am, it was up 19 sen to RM3.90. There were 165,400 shares done at prices ranging from RM3.76 to RM3.95.
The
FBM KLCI was up 2.13 points to 1,768.85. Turnover was 888.95 million
shares valued at RM646.71mil. There were 90 gainers, 272 losers and 267
counters unchanged.
StarBiz quoted BIMB chief executive officer Johan Abdullah as saying BIMB was close to acquiring the stake from Dubai Financial Group.
"At
this juncture, the valuation and pricing parameters have somewhat been
determined, but we have not received a full-blown proposal yet.
"We are going to discuss this in detail at the end of the month," he said.
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