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Dubai Investment mulls Islam Bank stake sale
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10.1.2009 |
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KUALA LUMPUR - Dubai Investment Group, or DIG, one of three shareholders of Bank Islam Malaysia Bhd, won't be injecting further capital into the bank as it plans to eventually sell its 40% stake, the New Straits Times reported Thursday.
Citing unnamed sources, the daily said DIG didn't subscribe for the portion of its shares from the sale of convertible preference shares by Bank Islam. The lender announced earlier this year that it planned to raise MYR540 million ($155.6 million) from the cash call.
Bank Islam is 51% owned by public-listed BIMB Holdings.
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Source:business.maktoob.com |
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