BEAMSTART Logo

Public Bank to acquire 44.15pc stake in LPI Capital for RM1.72b cash 

Malay Mail LogoMalay Mail6h ago

Public Bank to acquire 44.15pc stake in LPI Capital for RM1.72b cash  - Malay Mail

Quick Summary:

KUALA LUMPUR, Oct 10 — Public Bank Bhd has proposed to acquire a 44.15 per cent stake in LPI Capital Bhd, comprising 175...

As of Oct 8, 2024, LPI’s market capitalisation stood at RM5.2 billion, while Public Bank’s was at RM88.7 billion.

Public Bank, the country’s third largest banking group by assets, has a cash reserve of RM12.4 billion at present.


More Pictures

Public Bank to acquire 44.15pc stake in LPI Capital for RM1.72b cash  - Malay Mail (Picture 1)

or

Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-10 @ 15:48:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 130 words

Reading Time: 1 minutes read

Sentences: 9 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Malay Mail

News ID: 22977453

View Article Analysis

About Malay Mail

Malay Mail Logo

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 16 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 2 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "Public Bank to acquire 44.15pc stake in LPI Capital for RM1.72b cash " has 130 words across 9 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Which news outlet covered this story?

The story "Public Bank to acquire 44.15pc stake in LPI Capital for RM1.72b cash " was covered 6 hours ago by Malay Mail, a news publisher based in Malaysia.

How trustworthy is 'Malay Mail' news outlet?

Malay Mail is a fully independent (privately-owned) news outlet established in 1896 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 16 news stories per day.

It's most recent story was published 2 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #22977453
  • URL: https://beamstart.com/news/public-bank-to-acquire-4415pc-17285557789939

BEAMSTART

BEAMSTART is a global entrepreneurship community, serving as a catalyst for innovation and collaboration. With a mission to empower entrepreneurs, we offer exclusive deals with savings totaling over $1,000,000, curated news, events, and a vast investor database. Through our portal, we aim to foster a supportive ecosystem where like-minded individuals can connect and create opportunities for growth and success.

© Copyright 2024 BEAMSTART. All Rights Reserved.