Public Bank proposes 4-for-one bonus issue

Public Bank said the four bonus shares for every one existing share was arrived at after taking into consideration the potential adjustments to the share price arising from the proposed bonus issue.

KUALA LUMPUR: Public Bank Bhd has proposed four bonus shares for every one share held, the first ever for the bank as it aims to reward existing shareholders for their loyalty and continuous support.

It announced on Tuesday the proposed bonus issue will entail the issuance of up to 15.52 billion shares.