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.

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