Malaysia's Hong Leong Bank plans up to $757 mln rights issue-sources

August 11, 2015 10:04 AM

34 0

KUALA LUMPUR/SINGAPORE Aug 11 Hong Leong Bank Bhd is planning to raise up to 3 billion ringgit ($757 million) in rights issues this year to strengthen its capital, two sources with direct knowledge of the matter told Reuters.

The bank, Malaysia's fifth largest by assets, is the last of its peers to bolster its capital to meet more stringent central bank requirements under the global Basel III framework, the sources said.

Also read: ECB Extends but Scales Back Stimulus, Whipsawing Markets

Read more

To category page

Loading...