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.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
