46. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (CONTINUED) On 7 October 2021, the distribution and capital repayment, was completed following the distribution of BHB’s entire shareholding in Bank Islam and Syarikat Takaful Malaysia Keluarga Berhad to its shareholders. Concurrently, BHB has issued two (2) new ordinary shares to Bank Islam such that BHB is now a wholly-owned subsidiary of Bank Islam. No. of BHB shares (000) RM’000 As at LPD 1,853,651 4,617,787 Issued pursuant to Proposed Placements 222,222 800,000 2,075,873 5,417,787 Cancelled pursuant to the Proposed Distribution and Capital Repayment (2,075,873) (5,417,787) Issued to Bank Islam * * * * * comprising two (2) new ordinary shares Transfer of BHB as follows; BHB RM’000 ASSETS Cash and short-term funds 28,773 Deposits and placements with financial institutions 50,000 Other financial assets at amortised cost 380 Deferred tax assets 10 Property and equipment 316 TOTAL ASSETS 79,479 LIABILITIES Other liabilities (6,115) Zakat and taxation 82 TOTAL LIABILITIES (6,033) Net assets transferred to the Group 85,512 Difference between transfer consideration and net assets transferred to the Group recognised in Equity 85,512 On 8 October 2021, the transfer of listing status has been completed following the de-listing of BHB from the Main Market of Bursa Securities and the listing of and quotation for Bank Islam in its place. INTEGRATED ANNUAL REPORT 202 1 Key Messages Overview Value Creation MD&A Sustainability Leadership Accountability Financial Additional Information 373
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