KUALA LUMPUR: Aeon Credit Service (M) Bhd
has subscribed for a further 100 million new ordinary shares in its 50 per cent-owned associate company Aeon Bank (M) Bhd for RM100 million at an issue price of RM1 per share.
In a Bursa Malaysia filing today, Aeon Credit said its total shareholding in Aeon Bank’s share capital has increased from 175 million ordinary shares to 275 million ordinary shares.
"Equity interest remains at 50 per cent as the additional subscription is in proportion to all the shareholders’ shareholding in Aeon Bank,” it said.
Aeon Credit said the additional subscription is for Aeon Bank to fund its operating and capital expenditures and to continue to meet the minimum capital requirements as required by Bank Negara Malaysia.
"The additional subscription will not have any effect on the share capital and substantial shareholders’ shareholdings of Aeon Credit as it does not involve any issuance of new ordinary shares of Aeon Credit.
"It is not expected to have any immediate material impact on the net assets, gearing and earnings of Aeon Credit for the financial year ending Feb 28, 2025,” it added. - Bernama
