AEON Credit said it will inject RM125 million into its 50%-owned AEON Bank to strengthen the digital bank’s capital base and support future growth.
According to The Edge, the additional subscription will preserve AEON Credit’s 50% equity stake, as joint venture partner AEON Financial Service will undertake a matching subscription to maintain the existing shareholding ratio.
Upon completion, AEON Bank’s issued shares will increase from 550 million to 800 million.
AEON Credit’s holdings will rise from 275 million to 400 million shares through the subscription of 125 million new shares at RM1 each. In total, both parties will inject RM250 million into the digital bank.
AEON Credit said the cash injection will be funded through internally-generated funds and “will not have a material impact on its net assets, gearing, or earnings” for the financial year ending February 28 2026 (FY2026).
As of end-August, AEON Credit reported total loan receivables of RM14.29 billion.
The non-bank financial institution recorded profitability ratios of 9.7% and 9.9% in the past two financial years.
The company added that the capital injection is intended “to support AEON Bank’s business expansion, strengthen its financial position and ensure compliance with Bank Negara Malaysia’s minimum capital requirements.”
The proposed subscription does not require shareholder approval but remains subject to clearance from BNM.
The exercise is expected to be completed by January 2026, pending regulatory approval.
AEON Credit shares were up two sen or 0.4% at RM5.28 on Thursday (8 November), giving the company a market value of RM2.7 billion. Year to date, the stock has declined by 15.7%. – FINTECH NEWS MALAYSIA
