Alliance Bank is seeking to raise as much as RM600 million in fresh capital via a rights issue of new shares to fund its general banking, financing and investing activities. Alliance Bank’s share price closed at RM5.09 on 21/3/25, gaining around 50% over the past 12 months and giving it a market capitalisation of RM7.87 billion. The rights issue is expected to be completed by the third quarter of 2025 and is subject to regulatory and shareholder approvals.

Source: TheEdge