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Public Bank to acquire 44.51% stake in LPI Capital
Malaysia's Public Bank to buy 44.15% stake in insurer LPI for $400 million
Malaysia's third biggest lender by assets, Public Bank, said on Thursday that it will acquire a 44.15% stake in general insurer LPI Capital for 1.72 billion ringgit ($400.5 million) in cash. Public Bank will acquire the stake from Consolidated Teh Holdings and the estate of the late Teh Hong Piow,
Malaysia’s Public Bank is said to consider buying late founder’s family stake in LPI
PUBLIC Bank said it is buying its late founder Teh Hong Piow’s family stake in the owner of Lonpac Insurance for RM1.72 billion (S$524 million). Read more at The Business Times.
Public Bank to acquire 44.51% stake in LPI Capital for RM1.72bil
Public Bank Bhd is proposing to acquire a 44.51% equity interest in its late founder Teh Hong Piow’s family holding in LPI Capital Bhd for RM1.72 billion. The proposal involves Public Bank acquiring almost 175.
Public Bank To Acquire 44.15 Pct In LPI Capital For RM1.72 Bln Cash
Public Bank Bhd has proposed to acquire a 44.15 per cent stake in LPI Capital Bhd, comprising 175.9 million shares, for RM1.72 billion in cash or RM9.80 per share. Following the proposed acquisition,
Public Bank: To Acquire 44.15% Equity Interest in LPI Capital for MYR1.72B
Dow Jones Newswires is a market-moving financial and business news source, used by wealth managers, institutional investors and fintech platforms around the world to identify trading and investing opportunities, strengthen advisor-client relationships and build investor experiences. Learn More.
Public Bank to acquire 44.15% stake in LPI Capital for RM1.72bil, launching MGO at RM9.80/share
Public Bank Bhd is acquiring a 44.15% stake in LPI Capital Bhd from the estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd (ConTeh) for RM1.72bil cash, or RM9.80 per share.
Public Bank, LPI Capital Shares To Resume Trading On Friday
Shares of Public Bank Bhd and LPI Capital Bhd will resume trading with effect from 9 am tomorrow, according to separate filings from the two companies to Bursa Malaysia. “Trading in the structured warrants relating to Public Bank will also resume at the same time,
A Strategic Union: Public Bank to Acquire a Controlling Stake in LPI and the Teh Family Refines their Equity Position in Public Bank Berhad
Public Bank Berhad (“Public Bank”) had on 10 October 2024 entered into a conditional sale and purchase agreement (“SPA”) with the Estate of the Late Tan Sri Dato’ Sri Dr. Teh Hong Piow (“Estate”) and Consolidated Teh Holdings Sdn.
Public Bank to acquire 44.15pc stake in LPI Capital for RM1.72b cash
Public Bank Bhd has proposed to acquire a 44.15 per cent stake in LPI Capital Bhd, comprising 175.9 million shares, for RM1.72 billion in cash.
Upbeat outlook for Public Bank, LPI Capital exercise
Analysts are keeping their “buy” calls on both Public Bank Bhd and LPI Capital Bhd, pending an announcement today.
Public Bank Is Said to Consider Buying Late Founder’s Family Stake in LPI
Public Bank Bhd. is considering buying its late founder Teh Hong Piow’s family stake in the owner of Lonpac Insurance Bhd., people familiar with the matter said.Most Read from BloombergUrban Heat Stress Is Another Disparity in the World’s Most Unequal NationChicago’s $1 Billion Budget Hole Exacerbated by School TurmoilFrom Cleveland to Chicago,
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Corporate development brewing in Public Bank
Ahead of a surprise media briefing by Public Bank Bhd this Friday, it is speculated that the third-largest banking group by ...
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The future's hiring - but is the tech sector ready?
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