Last week, AMMB announced that it plans to raise over RM800mil via a private placement exercise to strengthen its capitalisation levels that were affected following its RM2.83bil settlement with the Finance Ministry for the group’s involvement in the 1Malaysia Development Bhd scandal.
PETALING JAYA: While it came as a surprise to many, AMMB Holdings Bhd
’s proposed private placement has been mostly well received by analysts as a measure to strengthen the group’s capital position.
The placement shares have been fixed at RM2.75 apiece.
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