But why Teh Family 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 3.41 %....


The Teh family, through Consolidated Teh Holdings Sdn Bhd and the estate of Teh Hong Piow, holds a 23.41% stake in Public Bank,

making them the largest shareholder of the bank. Based on Public Bank's issued share capital of 19.4 billion shares,


CGS International Securities Malaysia estimates that the Teh family will need to sell 2.6 billion shares.


That accounts for the bulk of their net worth of $5.4 billion, making them the third richest family in Malaysia, according to the list of Malaysia’s 50 Richest published by Forbes Asia in April.

This post has been edited by plouffle0789: Oct 12 2024, 10:26 PM

why Teh Family 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 3.41 %....


The Teh family, through Consolidated Teh Holdings Sdn Bhd and the estate of Teh Hong Piow, holds a 23.41% stake in Public Bank,

making them the largest shareholder of the bank. Based on Public Bank's issued share capital of 19.4 billion shares,


CGS International Securities Malaysia estimates that the Teh family will need to sell 2.6 billion shares.


That accounts for the bulk of their net worth of $5.4 billion, making them the third richest family in Malaysia, according to the list of Malaysia’s 50 Richest published by Forbes Asia in April.

can dump if sell at discounted price. sure got taker one la. but mostly institution and transaction oso not done like we retailers have to undergo.

She can be my Wang Aunty

If you sell 50% of the outstanding stock in one go or even over a few months it will crash the price. Even the pbb one, they are spreading out the sale of 13% of outstanding shares over five years.

The bnm 10% rule applies even to family trust. So internally even though all siblings got an equal 5% share, legally the shares still owned by teh estate trust.

The only alternative is to transfer or sell the shares to the children.

The children probably don’t have the cash to buy so much shares outright.

They may be legal and tax reasons why the estate cannot just transfer or gift the shares for free to the children.

Teh himself may have stipulated in his will that he wants the trust to maintain 10% shares in perpetuity. So that there is no danger of charsieu squander away all the wealth. This is very much like tata foundation in India or Rothschild estate.

yes. it will crash the market. maybe a few times limit down. since pbb is index stock, big possibility klci index will go red. i think SC oso will suspend transaction that is done only a few times.

Opss I remembered wrongly. Thanks for the info

i think diona teh at least 60 over oredi. maybe exceeded 70 yr old oredi.

she looks super good for her age
i dont mind
she puts many 40 year olds to shame

Botox. Face lift.

that one picture u know how much make-up she apply onot? if wash away all the make-up, confirm sebijik maciam nenek. u still mau?

1.72b can retire in monaco everyday sip champagne liao

LPI Capital Berhad Acquisition by Public Bank

Public Bank Berhad (PBBANK) is set to acquire a 44.15% stake in LPI Capital from the family of the late Tan Sri Dato' Sri Dr. Teh Hong Piow, for RM1.72 billion (at RM9.80 per share). Once approved, this acquisition will lead to an unconditional general offer for the remaining shareholders.

This price is not attractive for small shareholders of LPI Capital, as the trading price prior to the announcement was RM13 per share, representing a discount of approximately 25%.

Both Public Bank and LPI Capital are controlled by the TEH family. Dr. TEH passed away at the end of 2022, leaving behind 21.64% of Public Bank and 42.74% of LPI Capital, which have been inherited by his descendants through Teh Holdings. This sale was a result of negotiations.

Naturally, it is unlikely that ordinary shareholders would agree to such a low price since LPI Capital is considered a quality stock with generous annual dividends.

The TEH family holds substantial shares, and finding a buyer may not be easy. Additionally, they are also shareholders of Public Bank, meaning that the acquisition benefits them indirectly.


The low price may be seen as a compromise to facilitate the sale. The specific reasons behind this move remain unclear.

During Dr. TEH 's lifetime, rumors circulated about potential acquisitions of Public Bank due to the unique circumstances of the Malaysian banking industry, with banks like Malayan Banking and CIMB reportedly showing interest. However, these rumors never materialized.


Now, two years after his death, the sale of LPI Capital raises questions about whether the family intends to exit the banking and insurance sectors.

In reality, the Teh family's significant shareholdings were largely due to their father's contributions. Acquiring such stakes in today's environment as an individual would be nearly impossible.


********************
Moreover, as wealth transitions to the third and fourth generations, without a guiding patriarch, disputes may arise. Therefore, exiting at the right time could be a wise decision.

Otherwise, they might have to manage the family wealth professionally, akin to the Rockefeller family.

Renewed M&A Activity in Banking Sector

As Malaysia's economy improves, the trend of mergers and acquisitions in the banking sector is expected to revive. A recent example is the Sarawak state government's acquisition of a significant stake in Affin Bank. Chinese-founded banks like Public Bank and Hong Leong Bank remain targets for acquisitions.

Owning a bank is not solely a reflection of wealth; it also depends on decisions made by the central bank and government policies. If unfavorable changes occur regarding personal ownership of significant bank shares or if economic turmoil arises, it would be challenging to sell such large holdings like those of the Teh family.

As an observer, it seems that the sale price is too low. In fact, if the Teh family were to sell shares in the open market, it could negatively impact the company's stock price even further. Thus, selling to a shareholder with shared interests is justifiable.

Disclaimer

This column is purely for academic or experiential advice. Readers interested in investing should conduct thorough research or consult with stockbrokers before making decisions, bearing all profits and losses themselves. We encourage creating wealth through proper investment methods. The author's views do not represent the position of the Nanyang Siang Pau.



Seems need to hold a EGM first

This author is obviously a SKL

Apparently Diona Teh Li Shian is a Singaporean citizen: https://www.straitstimes.com/singapore/mala...galow-for-93-9m

Malaysia’s Public Bank heiress buys Tanglin Hill good class bungalow for $93.9m
Published Mar 25, 2025, 04:15 PM
Updated Mar 25, 2025, 06:53 PM

SINGAPORE – A Singapore luxury mansion has been purchased at a record price per square foot by a scion of the family which backs one of Malaysia’s largest banks.

The $93.9 million purchase of a good class bungalow under construction in the Tanglin Hill area was completed in February, according to property records seen by Bloomberg News.

It was bought by Ms Diona Teh Li Shian, a daughter of late tycoon Teh Hong Piow, who founded Public Bank.

Good class bungalows are highly coveted in land-scarce Singapore, with only about 2,800 available, and their ownership is largely restricted to locals.

The purchased property is located near the main Orchard Road shopping belt and various embassies. It sits on a plot of about 15,150 sq ft or 1,408 sq m. Based on the transacted price, it was sold for a record rate of about $6,197 psf. The Business Times reported on the deal’s early stages in July.

Ms Teh did not immediately respond to a query sent by Bloomberg News.

Meir Homes, a local developer of good class bungalows, is building the new mansion on the plot, which was acquired for $30 million in 2022, according to property records. Its principal Sebestian Soh, declined to comment.

The new two-story house with a basement has a total floor area of 2,756 sq m. It will include Japanese oak in its interior and imported materials from Europe, as well as stone cladding on the outside, according to marketing materials seen by Bloomberg News. The property will also have a 25m pool with a tanning deck, a walk-in wine chiller and an 18-seat theatre.

Ms Teh, a Singapore citizen, is one of four children of the late Mr Teh.

Public Bank has since grown into Malaysia’s second-biggest lender, by market value. Ms Teh has been a public face of the family since the patriarch died in 2022. The family still controls over a fifth of the bank’s shares, according to data compiled by Bloomberg.

Source: https://www.straitstimes.com/singapore/mala...galow-for-93-9m

https://www.barrons.com/market-data/stocks/...?countrycode=my

Until now also price up

Really nice