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Public Bank to take over LPI Capital

The Star LogoThe Star8h ago

Public Bank to take over LPI Capital - The Star

Quick Summary:

The estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd (ConTeh) have begun the discharge of their holdings in line with the Financial Services Act (FSA), beginning with the proposal to divest 175,896,000 ordinary shares, or approximately a 44.15% stake, in LPI Capital Bhd to Public Bank Bhd.

Lonpac was founded by the late Hong Piow in 1962, four years before he established Public Bank in August 1966.

Should the deal go through, he observed that LPI would then be able to leverage on Public Bank’s existing network of over 260 branches throughout Malaysia to expand its distribution channels and further grow its general insurance business.

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Article Details

Author / Journalist: KEITH HIEW

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 00:00:00 (8 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 934 words

Reading Time: 6 minutes read

Sentences: 30 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 22985305

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 42 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1 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: #22

Publisher Details

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The story "Public Bank to take over LPI Capital" was covered 8 hours ago by The Star, a news publisher based in Malaysia.

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The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news.

The outlet is headquartered in Malaysia and publishes an average of 42 news stories per day.

It's most recent story was published 1 hours ago.

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  • URL: https://beamstart.com/news/public-bank-to-take-over-17285910986500

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