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NewsHong Leong Bank’s rights issue oversubscribed 36.9%
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Hong Leong Bank’s rights issue oversubscribed 36.9%
by hlk Tue 11 Oct 2011, 21:40
KUALA LUMPUR: HONG LEONG BANK BHD []’s renounceable rights issue of up to 299.80 million shares on the basis of one rights share for every five held at RM8.65 per rights share was oversubscribed by 36.9%.
The banking group said on Tuesday, Oct 11 it had received valid acceptances and excess applications for a total of 408.728 million rights shares.
“This represents a subscription level of 136.3% of the total number of rights shares available under the rights issue,” it said.
The banking group said on Tuesday, Oct 11 it had received valid acceptances and excess applications for a total of 408.728 million rights shares.
“This represents a subscription level of 136.3% of the total number of rights shares available under the rights issue,” it said.
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