Bursa, Bank Negara approve PBBANK (1295): PUBLIC BANK BHD’s bonus issue
KUALA LUMPUR: Public Bank Bhd’s historic four-for-one bonus issue has received the approval of Bursa Malaysia Securities and Bank Negara.
Public Bank announced that Bursa Securities had vide its letter resolved to approve the listing and quotation of up to 15.52 billion shares
It said the bank and Public Investment Bank must fully comply with the relevant provisions under the Listing Requirements pertaining to the implementation of the proposed bonus issue.
File pic Bank NegaraFile pic Bank Negara
“We also wish to announce that Bank Negara had vide its letter dated Dec 18, approved Public Bank’s application for the proposed bonus issue, ” it said.
On Dec 8, Public Bank announced the bonus issue to reward shareholders and also to boost the liquidity of the shares. The corporate exercise spurred a rally in the share.
However, yesterday, profit taking saw it closing down 86 sen to RM20.64. It was the biggest decliner on Bursa as investors took profit after the recent rally.