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Public Bank Bhd proposing to undertake rights issue


Tuesday, 29 Apr 2014 05:42am EDT 

Public Bank Bhd:Public Investment Bank Berhad (PIVB), wholly-owned subsidiary of Public Bank Bhd (PBB) proposing to undertake rights issue to raise gross proceeds of up to five bln ringgit.Says 4.97 bln ringgit of gross Proceeds is proposed to be utilised for Working capital and general banking purposes within 12 months.Remaining will be utilized Within three months as defrayment of estimated expenses in relation to the proposed rights issue. 

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