Alliance Bank plans RM600mil rights issue to strengthen capital base

PETALING JAYA: Alliance Bank Malaysia Bhd (ABMB) has proposed to raise RM600mil via a proposed renounceable rights issue of new ordinary shares.

According to a Bursa filing, the proposed exercise aims to bolster the bank’s capital base, enhance financial flexibility, and support its growth strategy.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Alliance Bank ,

Next In Business News
Oil prices fall as risks from Kazakh production halt subside
Gold zooms past US$4,800 for the first time as Greenland tensions simmer
Maybank aims to mobilise RM300bil in sustainable finance by 2030
Airbus reaffirms long-term commitment to Malaysia’s aerospace sector
High court approves Capital A's capital reduction, working towards PN17 status uplift
Stocks shaken by geopolitical fears, Japanese bonds bounce after selloff
China completes first phase of 6G technology trials
ACE Market-bound Kee Ming Group to raise RM31.50mil from IPO
Bursa Malaysia continues uptrend at midday, CI stays above 1,700
Gold crosses US$4,800 for the first time as US, EU spar over Greenland

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.