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It has been a while since a listed banking group called for a rights issue.
PETALING JAYA: Shares of Alliance Bank Malaysia Bhd (ABMB) fell by 8.45% or 43 sen yesterday, following a surprise rights issue proposal to shore up its capital, which would result in some dilution to the bank's financial year 2026 (FY26) earnings per share (EPS).
PETALING JAYA: Alliance Bank Malaysia Bhd's surprise rights issue proposal will shore up its Common Equity Tier 1 (CET1) ratio to a more comfortable 13.5%, although there would be some dilution to financial year 2026 (FY26) earnings per share.
PETALING JAYA: Perusahaan Sadur Timah Malaysia Bhd (Perstima) has proposed a renounceable rights issue of up to 19.86 million new shares on the basis of one rights issue for every five shares held to raise up to RM59.58mil.
The potential tighter restrictions on artificial intelligence (AI) chip exports by US president Donald Trump's administration could likely be a pending risk for YTL Power International Bhd.
PETALING JAYA: Alliance Bank Malaysia Bhd (ABMB) has proposed to raise RM600mil via a proposed renounceable rights issue of new ordinary shares.
KUALA LUMPUR: Kerjaya Prospek Property Bhd (KPProp) has proposed a renounceable rights issue of up to RM324.88 million to fund its existing and future property development projects, as well as to repay bank borrowings.
Kerjaya Prospek Property Bhd (KPProp) has proposed a renounceable rights issue of up to RM324.88mil to fund its existing and future property development projects, as well as to repay bank borrowings.
Euro Holdings Bhd's wholly owned subsidiary, Eurosteel Line Sdn Bhd, has entered into a conditional sale and purchase agreement with Supreme Power Auto Sdn Bhd (SPASB) for the proposed acquisition of leasehold industrial land in Melaka Tengah with four industrial buildings from SPASB worth RM56mil.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
Parlo Bhd has proposed to reduce its share capital by RM42mil to eliminate its accumulated losses.
WCE Holdings Bhd announced that one of its substantial shareholders, United Frontiers Holdings Limited (UFHL) has exercised 46,707,560 warrants into new ordinary shares, at a price of 39 sen per warrant share.
KUALA LUMPUR: OCR Group Bhd announced that its renounceable rights issue with free warrants reached a 101.1% subscription rate, raising gross proceeds of RM46.8 mil.
KUALA LUMPUR: FSBM Holdings Bhd’s subscription applications for the rights issue in connection with the regularisation plan have reached a subscription rate of 449.57 per cent.
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
KUALA LUMPUR: G Capital Bhd (GCAP) has proposed to undertake a renounceable rights issue exercise to part-finance its 20MW mini-hydropower plant projects in Perak.
Dolphin International Bhd, which owns seven Uncle Don’s restaurant outlets, has aborted its proposed rights issue exercise to raise RM13.38mil.
KUALA LUMPUR: The half-a-billion ringgit loan secured by AirAsia Group Bhd (AAGB) is expected to provide it with sufficient liquidity and working capital to ramp up its operations once interstate and international borders reopen.
KUALA LUMPUR: Siab Holdings Bhd has proposed a private placement, a rights issue with warrants and the acquisition of 100 per cent in Taghill Projects Sdn Bhd.
KUALA LUMPUR: Sam Engineering & Equipment (M) Bhd (Samee) has proposed to acquire the entire equity interest in Aviatron (M) Sdn Bhd from Singapore Aerospace Manufacturing Pte Ltd for US$43.40 million (US$1=RM4.66) cash.
