Alliance Bank’s RM600mil rights issue receives strong shareholder approval


Alliance Bank Malaysia Bhd group chief executive officer Kellee Kam

PETALING JAYA: Alliance Bank Malaysia Bhd (ABMB) has secured 99.9% votes in favour of its RM600mil renounceable rights issue it proposed in March at its extraordinary general meeting (EGM).

In a filing with Bursa Malaysia, the bank stated the issue price of the rights issue is set at RM3.33 per right share on the basis of two rights shares for every 17 existing ABMB shares.

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

Next In Business News

IATA optimistic on Malaysia's aviation outlook as regional recovery accelerates
ISF Group, Alliance Islamic Bank ink IPO underwriting agreement
Bank Islam targets 50% rise in BIMB biz users payment to voice feature
CPO output down 5.3%, palm oil exports fall 28.13% in Nov -�MPOB
Bursa Malaysia slips at midday amid subdued regional sentiment
EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer
Carsome's record retail performance drives up 3Q earnings

Others Also Read