Blog: Public Bank to Acquire 44.15% Stake in LPI Capital for RM1.72 Bil, Triggering MGO at RM9.80

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4 comment(s). Last comment by speakup 2 months ago

Income

12,730 posts

Posted by Income > 2 months ago | Report Abuse

Upon completion of the acquisition, Public Bank will emerge as LPI's largest shareholder. Given the increase in shareholding, Public Bank is obliged to make a mandatory general offer (MGO) at RM9.80 per share to buy out all the LPI shares it does not already own.

Income

12,730 posts

Posted by Income > 2 months ago | Report Abuse

I doubt LPI is good. If so good, why Teh child sold it. Think 3 steps ahead laa

dawchok

615 posts

Posted by dawchok > 2 months ago | Report Abuse

LPI is not her biz and she did not participate in the biz before. Cash out and focus on her own biz of interest.

speakup

27,217 posts

Posted by speakup > 2 months ago | Report Abuse

pbb probably forced to buy at pbb requested price. win win for teh family and pbb. but losers are shareholders

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