$DRBHCOM (1619.MY)$ DRB-HICOM owns 70% of Muamalat, valued a...
DRB-HICOM owns 70% of Muamalat, valued at 2.98 billion MYR in the IPO.
2.98 billion is based on Bank Muamalat’s FY2022 shareholders’ equity and price-to-book value (P/B) of one time.
DRB-HICOM's share of IPO value:
70％ of 2,980,000,000 = 2,086,000,000
Total shares of DRB-HICOM: 1,933,237,051
Amount per share:
2,086,000,000 /1,933,237,051 ＝1.08
2,086,000,000 /1,933,237,051 ＝1.08
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