KUALA LUMPUR: Malayan Banking Bhd (Maybank) yesterday fixed the proposed issue price of its upcoming rights shares at RM2.74 a share, which is a 43.2% discount to the closing price of RM4.82 on March 5, and secured an undertaking where nearly 90% of the rights shares would be taken up by major institutional shareholders.
The price of the rights share is a 34.4% discount to the theoretical ex-rights price of RM4.17 a share.
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