You read the comments, most don’t know unless they follow the bank stock news. The big one is hong leong when quek RiP. He owns 60% of the stock. How to dump 50% of the outstanding shares into the market… crazy. At least with pbb they only need to sell 13% of the shares over five years, no problem for the market to absorb.

Hnnnghhhhh milf

u think teh daughter can masuk BOD without banker license?

Yeah I read. Get what you mean.

Side track a bit.

Here we have this.
Malaysia’s Public Bank To Buy Late Founder’s Stake In Insurance Company For $400 Million

While the on other side, we have OCBC plans to do 'kinda' opposite on GE.


🤔

This post has been edited by jojolicia: Oct 12 2024, 03:19 PM

They already got more than the buyout value thru dividends all these years.

and in the process pocketed some cash to spend at pasar malam & buy ip16 & new BYD Seal

Who purchase who now? No ur statement confuse me.

The bank gonna acqirw lpi, not the other around right?

Teh family own 23% of public bank berhad and 44% of lpi. Teh family going to sell their entire stake of lpi to pbb. Since they still own a big portion of pbb you could say they just consolidating their holdings into pbb.

However, in the same press conference, they also announce that teh family going to gradually reduce their stake in pbb from 23% to 10%over five years, which is due to the bnm rule that does not allow the any one group to own more than 10% of a bank.

Company Name	PUBLIC ISLAMIC BANK BERHAD
Company Registration No.	0014328V / 197301001433
Nature of Business	ISLAMIC BANKING AND THE PROVISION OF RELATED FINANCIAL SERVICES
Date of Registration	1973-07-05
State	WILAYAH PERSEKUTUAN

Since 1973 existed lah.....

Public bank main insurance business is AIA takaful. And their staff a lot is malay

This post has been edited by diffyhelman2: Oct 12 2024, 08:17 PM

Singapore-based Oversea-Chinese Banking Corporation (OCBC) has made a S$1.4bn ($1.03bn) offer to acquire the remaining shares of insurance company Great Eastern Holdings.

The offer price of S$25.6 per share marks a 36.9% premium over Great Eastern’s last stock close of S$18.7.

This proposed acquisition would increase OCBC's stake in Great Eastern to 100%, up from the current 88.44%.



Ocbc always have at least 80 percent stake in GE...

You can check 10 years ago annual report also

maybe they are not interested on managing, they can just collect dividend until generations.

I think they need a younger CEO, uncle teh also 80s, any thing can happen at that age

**Name**	**CHEAH KIM LING**
**Position**	Non-Independent Non-Executive Director
**Age**	66
**Memberships of Board Committees**	- Member, Nomination and Remuneration Committee<br>- Member, Risk Management Committee<br>- Member, Compliance Committee
**Academic/Professional Qualifications**	- Bachelor of Accounting (Honours) degree from the University of Malaya<br>- Chartered Accountant of the Malaysian Institute of Accountants
**Relevant Experience**	Ms. Cheah served Bank Negara Malaysia for 32 years, where she was involved in banking regulation, policy formulation, and administration of financial legislations. She also contributed to the development of payment systems, infrastructure, and the promotion of electronic payments.
**Present Directorship(s) in Other Public Companies**	Nil
**Board Meetings Attendance in 2023**	16/16

---------------------------------------------------------

**Name**	**Lee Chin Guan**
**Position**	Non-Independent Non-Executive Director
**Age**	65
**Memberships of Board Committees**	- Member, Nomination and Remuneration Committee<br>- Member, Risk Management Committee<br>- Member, Compliance Committee
**Academic/Professional Qualifications**	- Barrister-at-Law from the Middle Temple, United Kingdom<br>- Bachelor’s Degree in Science (Honours) from the University of Manchester Institute of Science & Technology, England<br>- Degrees in Law from Cambridge University, Oxford University, and Chicago-Kent College of Law
**Relevant Experience**	Mr. Lee has 25 years of experience in legal matters, with 13 years in legal practice, principally in commercial and corporate matters.
**Present Directorship(s) in Other Public Companies**	Public Bank Group:<br>- Director, Public Bank (Hong Kong) Ltd<br>Other Public Companies:<br>- Director, Lonpac Insurance Bhd<br>- Director, Public Financial Holdings Ltd (listed on the Stock Exchange of Hong Kong)<br>- Director, LPI Capital Bhd (listed on the Main Market of Bursa Malaysia)

He is a lawyer....


------------------------------------------------------------------------

**Name**	**THAM CHAI FHONG**
**Position**	Independent Non-Executive Director
**Age**	67
**Memberships of Board Committees**	- Chairperson, Compliance Committee<br>- Member, Nomination and Remuneration Committee<br>- Member, Audit Committee<br>- Member, Risk Management Committee<br>- Member, Board Sustainability Management Committee
**Academic/Professional Qualifications**	- Bachelor of Science (Honours) degree in Mathematics from the University of Malaya<br>- Postgraduate Diploma in Computer Science from University of Malaya
**Relevant Experience**	Ms Tham possesses extensive experience in IT systems, capabilities, and applications from her 26-year tenure in IT functional areas in one of the largest banking groups in Malaysia.
**Present Directorship(s) in Other Public Companies**	Nil
**Board Meetings Attendance in 2023**	16/16

These three directors do not have the 'Chartered Banker of the Chartered Banker Institute (CBI), United Kingdom' qualification, but all three are also directors of Public Bank Berhad.


One is a lawyer, and another is in the IT field.

There are a total of 9 directors at Public Bank Bhd.

Not all have" banker license".


"Member of Asian Institute of Chartered Bankers" ----- Is this your so called banker license?

This post has been edited by plouffle0789: Oct 12 2024, 08:36 PM

lol, usually until 3rd generation unless they are smart to preserve it

**No.**	**Age**
1	57 years old
2	58 years old
3	62 years old
4	65 years old
5	66 years old
6	67 years old
7	72 years old
8	80 years old
9	81 years old

The Public Bank board comprises directors aged 57 to 81 years, highlighting a wealth of experience and expertise.


While older directors bring valuable insights from their extensive backgrounds, concerns about succession planning arise due to the senior age range.


Balancing experience with youthful perspectives is crucial for fostering innovation and adaptability.

The PB islamic banking official version started around 2008.

https://www.publicislamicbank.com.my/person...nking/about-us/

Enough to buy a Penthouse in New York, a mega yatch and a 737 private jet only.

1993....

Just 2008 fully owned by public bank Berhad

Public Islamic Bank a wholly owned subsidiary of Public Bank, commenced its operations on 1 November 2008.

Since 1993, Public Islamic Bank has been offering Islamic banking products and services to the public when it started as a window via Public Bank.



We contribute to the Islamic banking field as a whole, focusing on consumer and retail financing, small and medium enterprises as well as financing and deposit taking.

by right if the tehs really need money, public bank should really tekan the price down. maybe 300m. can save 100m.

******************************
At the same press conference, Teh Li Shian Diona, the youngest daughter of the late Tan Sri Dato’ Sri Dr. Teh Hong Piow also announced that the Estate and ConTeh intends to undertake a restricted offer for sale (“ROFS”) of a portion of their Public Bank Shares, progressively over a 5-year period and will be in compliance with the Financial Services Act.
*******************************

Public Bank



Diona Teh said, “My father often said that the success of Public Bank was not his alone – it is built on the trust and loyalty of its shareholders and the relentless commitment of its employees, or as he would like to call them his “corporate family”.


******* “To honour his legacy and to show our deep appreciation and gratitude, we will be undertaking an exercise to distribute a portion of our Public Bank shares at a discount to all employees, directors and eligible shareholders of the Public Bank Group.
*******



this is the important things.....



But why they cannot each person hold 5 percent shares?




William Teh Lee Pang

Lillian Teh Li Ming

Lillyn Teh Li Hua

Diona Teh Li Shian

Total 20 percent......


Just sell 2 %




This post has been edited by plouffle0789: Oct 12 2024, 10:22 PM