Tabung Haji ups stake to 54.5% in BIMB

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KUALA LUMPUR (Nov 14): Malaysia’s largest Islamic fund manager, Lembaga Tabung Haji (Tabung Haji), has been accumulating shares in BIMB Holdings Bhd (BIMB) in the last week, and now holds a 54.5 per cent equity stake in the bank.

A filing with Bursa Malaysia showed Tabung Haji had bought a total of 6,117,000 shares over five transactions from Nov 7 to Nov 13 when BIMB’s share price was on the decline.

The latest shopping spree brings Tabung Haji’s stake in BIMB to 54.5% or 814,028,300 shares.

Today, BIMB’s share continued a week-long downward trend to close at RM1.15, down 3 sen. This gives BIMB a market capitalisation of RM6.19 billion.