Wong & Partners Acts on $885 Million Bank Islam Deal
Wong & Partners is advising Malaysian investment company BIMB Holdings on its proposed $885 million takeover of Bank Islam. The deal is subject to shareholder and regulatory approvals, and will be financed by a $1.8 billion capital raise.
Kuala Lumpur partners Munir Abdul Aziz and Wong Sue Wan are advising BIMB Holdings on the transaction, as well as the rights issue. Kuala Lumpur partner Mark Lim will act for Bank Islam as the lead arranger on the bond issuance. Zaid Ibrahim & Co. Kuala Lumpur partner Wan Marzimin and Zul Rafique & Partners Kuala Lumpur partner Lukman Sheriff Alias are acting as counsel to Dubai Financial Group and Lembaga Tabung Haji, respectively.