Public Bank Shares Rights Issue

Public Bank Bhd shares has always been strong in the KLSE stock market. Whenever I'm browsing the StarBiz Top 100 volume traded shares, PBB is up there within the top 5 shares traded. Holding on to this blue chip share you can never go wrong in the Malaysian KLSE.

So when Public Bank announced that it wants to go for right issue sometime in May 2014, this was something new to me. My dad said it was time to let go the share because right issue would dilute the market value. I didn't look up this matter until I received the form to purchase the right issue shares.