According to some dealers, there is talk that Public Bank, which is the only banking stock that has bucked the trend among its peers, could be considering the issuance of a bonus or rights issue. It has been 10 years since the bank last implemented a bonus issue in June 2003.
PETALING JAYA: Public Bank Bhd
’s shares advanced to an all-time high on Monday on expectations that the third largest lender by asset size in Malaysia could be mulling a corporate exercise, dealers said.
The counter rose 28 sen to close at RM19.28 on a volume of 1.26 million shares.
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