Malayan Banking Berhad ("Maybank" Or "the Company")Proposed Renounceable Rights Issue On The Basis of Nine (9) Ordinary Shares of RM1.00 each in Maybank ("Rights Shares") For Every Twenty (20) Existing Ordinary Shares Of RM1.00 Each Held In Maybank ("Shares")

Feb 27, 2009 Back
Type Announcement
Subject MALAYAN BANKING BERHAD ("MAYBANK" OR "THE COMPANY")

PROPOSED RENOUNCEABLE RIGHTS ISSUE ON THE BASIS OF NINE (9) ORDINARY SHARES OF RM1.00 EACH IN MAYBANK (“RIGHTS SHARES”) FOR EVERY TWENTY (20) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD IN MAYBANK (“SHARES”)
Contents On behalf of the Board of Directors of Maybank (“Board”), Maybank Investment Bank Berhad (formerly known as Aseambankers Malaysia Berhad) (“Maybank-IB”) is pleased to announce that Maybank is proposing to undertake a proposed renounceable rights issue on the basis of nine (9) Rights Shares for every twenty (20) existing Shares held (“Proposed Rights Issue”) as part of its ongoing strategic transformation plan (“Strategic Transformation Plan”).

The Strategic Transformation Plan aims to strengthen the Maybank Group’s core business and franchise, further enhance its capital base via the Proposed Rights Issue and to put in place an organisational and corporate structure that provides greater strategic, financial and operational flexibility across the Maybank Group.

Please refer to the attachments for further details of the announcement.

This announcement is dated 27 February 2009.

 

Announcement Info

Company Name MALAYAN BANKING BERHAD  
Stock Name MAYBANK    
Date Announced 27 Feb 2009  
Category General Announcement
Reference No MI-090227-59858

Attachments

  1. MAYBANK270209.doc (Size: 90,112 bytes)
  2. MAYBANK270209a.doc (Size: 176,640 bytes)