Daughter looks hnnghhh

I wanna marry her

dato teh hong piow is shaking head.

Low profile orang kaya

Dad build up the company for so long, then came his children go sell pulak?



This post has been edited by MRaef: Oct 12 2024, 12:41 PM

cash out, teh family not interested with the business, just unlock their wealth to do what they like

they have to sell. Financial Act doesnt allow any one individual or group to control more than 10% in a bank, the founder owned 23% stake in pbb because he was "grandfathered clause" in, but once he passed, the heirs have to follow this rule.

https://www.bernama.com/en/news.php?id=2350140

This post has been edited by diffyhelman2: Oct 12 2024, 12:45 PM

That wealth can let at least 2 generations without working at all. Why want to headache with growth, managing the business, employees, external pressures...

Fold hands watch Netflix everyday nia...

why 2 generations? its 1.7bil. i would say 6 gen, minimum. i jus cincai kira you spend 200mil for 1 generation (live until 100yr old) , without earning interest / dividend.

Wrong. The family will still own the maximum allowed limit of 10% in the parent bank pbb. Financial services act gave a grandfather exemption to teh, hong leong bank quek and ambank founder to own way more than that but it was made clear once they RiP the exemption no longer applies.

Pbb had more than 12 billion cash in hand before the deal. After the deal still got 10 billion. The reduction in capital ratio resulting from this deal is from 15% to 14.3%, comparable with maybank and DBS. In addition this deal is good for pbb because it lets them expand in their insurance business and is earnings accretive to their bottom line.

This post has been edited by diffyhelman2: Oct 12 2024, 01:14 PM

it takes one or two cb kana scam by syndicate like jho low then all GG already

huat ah

I assume got 1 generation is charsiew

haha fair enough...

teh hong piow children not interested in inheriting the bank's legacy

was told this during my day with pbb

1. Increased the asset of PBB. Harder for the others to M&A.
2. In case M&A of PBB took place, they gets to sell both at premium.

1.72Billion you think alot but not actually a lot … spend alone maybe cannot finish … with charsiew and grand charsiew … 10B also not enough …

Lol who even dare to consider m&a the second largest bank in Malaysia? Unless there is a shtf crisis. Also bnm unlikely to approve any merger of such large bank. Smaller bank like alliance bank is much likelier target.

This post has been edited by diffyhelman2: Oct 12 2024, 01:54 PM

nothing is held on forever

even warren buffet is now on a selling spree

Everybody knows why the family holding needs to pave down and to who la..

First day?

This post has been edited by jojolicia: Oct 12 2024, 02:03 PM

Everybody knows why the family holding needs to pave down and to who la..

First day?

This post has been edited by jojolicia: Oct 12 2024, 02:02 PM