|
|
Article: Malaysia : Bank Islam Expects To Get RM216 Million From LTH By Oct 15.
- Article from:
- TendersInfo
- Article date:
- October 10, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Bank Islam Malaysia Bhd expects to receive RM216 million in subscription monies from Lembaga Tabung Haji (LTH) the latest by Oct 15 this year.
In a statement, Bank Islam said this would meet its capital-injection exercise objective of raising RM540 million to qualify as Tier 1 Capital.
Bank Islam said on Apr 10, it made an offer to its existing shareholders to subscribe up to RM540 million of Islamic Convertible Redeemable Non-Cumulative Preference Shares (Islamic CRNCPS) on a pro-rata basis by Sept 30.
It said on Oct 1, it offered to LTH and BIMB Holdings Bhd (BHB) on a pro-rata basis Dubai Financial Group LLC's unsubscribed portion amounting ...