What's up in Public Bank?

THE PUBLIC BANK POKOK SENA BRANCH WHERE UNKNOWN NUMBERS OF BURGLARS BROKE-INTO THE BANK AFTER PRIED OPENED A SIDE DOOR OF THE BUILDING , RANSACKED OFFICE CABINETS , PRIED OPENED AUTOMATED TELLER MACHINE (ATM). SAFE BOXES ON THE GROUND FLOOR AND FIRST FLOOR OF THE BANK IN AN EARLY MORNING OFFICE BREAK-IN WHICH TOOK PLACE AT ABOUT 5.00AM YESTERDAY (24TH APRIL 2008)

Since its last bonus issue of shares about 10 years ago, Public Bank Bhd had remained relatively quiet, steadily growing amid an increasingly competitive market, without any new corporate exercise until two days ago.

Announcing on Thursday its intention to merge its local (L) and foreign (F) shares, Public Bank had inadvertently put itself in the limelight, whereby some dealers started to speculate that the latest corporate exercise could be a prelude to an even bigger corporate exercise.