Tuesday, October 11, 2011

Hong Leong Bank's rights issue oversubscribed 36.9%

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.

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