Teh’s extra oomph for Public Bank

By TEE LIN SAY

Tan Sri Teh Hong Piow

Public Bank Bhd, which has firmly etched itself in the banking sector as the most prudent financial institution in the country, surprised the market when it proposed a RM5bil rights issue.

It is the bank’s first cash call in 17 years and the largest by a local financial institution in recent years.

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Business , Public , Bank , capital , rights

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