Public Bank falls 1% after proposing right issue
- 7 years ago
Public Bank shares declined as much as 1 per cent after the lender proposed to raise funds via a rights issue of new shares.
As the exercise involves the creation of new shares, analysts' expect the exercise to result in earnings per share and return on equity (ROE) dilution for the bank.
As the exercise involves the creation of new shares, analysts' expect the exercise to result in earnings per share and return on equity (ROE) dilution for the bank.