04.03.2009 - Leading Malaysian lender Maybank’s rights issue surprises in size
From Cpifinancial.net: The $1.62 billion rights issue of up to 2.212 billion shares is aimed at strengthening Maybank's Tier-I capital to 11 per cent from 8.1 per cent. The 9-for-20 rights issue is likely to be priced at a 30-40 per cent discount to the theoretical ex-rights share price. The issue was announced on 27 February. The following trading day, 2 March 2009, Maybank shares touched a new low for the year, just above last October’s low point , which was the lowest level since April 1999..... Full Article: Source
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