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 2024-10-12 16:53

Income

13,030 posts

Posted by Income > 2024-10-12 15:59 | 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

13,030 posts

Posted by Income > 2024-10-12 16:00 | Report Abuse

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

dawchok

634 posts

Posted by dawchok > 2024-10-12 16:30 | 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

27,307 posts

Posted by speakup > 2024-10-12 16:53 | 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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