Public Bank proposes to privatise Public Financial Holdings in RM379mil deal

KUALA LUMPUR: Public Bank Bhd (PBB) has proposed to privatise its 73.23%-owned Public Financial Holdings Ltd (PFHL) and withdraw the latter’s listing from the Hong Kong Stock Exchange (HKSE).

In a filing with Bursa Malaysia, PBB said it intends to privatise PFHL through a scheme of arrangement, offering HK$2.50 in cash, or about RM1.29, for each share it does not already own.

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吉隆坡：大众银行（PBB）提议将其持有 73.23% 股份的大众金融控股有限公司（PFHL）私有化，并从香港联合交易所（HKSE）撤回后者的上市资格。

PBB在提交给马来西亚证券交易所的文件中表示，它打算通过一项安排计划将PFHL私有化，以每股2.50港元现金（约合1.29令吉）的价格收购它尚未持有的股份。

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