$PBBANK (1295.MY)$ any sifu can explain why everyone dumping...

103706768 : Bad acquisition and former owner family is force to sell their inherit shares to 10%. So they will offer up shares to their workers soon, long term selling from massive holders and bad acquisition

103114341 : Give me a chance to get in the car

Chris_Wong OP : thanks sifu

102670079 : Major shareholders cash out to buy at discounted price from Teh family later

momobie 103706768 : that is something interesting to know there is hidden agenda behind it.

103706768 momobie : If u hv family working in public bank can call them to put in bid for share when they offer it. Employee offer normally 10-20% cheaper than market, considering they are force to liquidate it by gov, they might offer alot to employees

Darthvader14 : From retailer's POV it may say is a "bad" acquisition, but from late Tan Sri Teh family, it's the way they handle their father's lagacy, a good exit and to maintain good future relationship with PBank Mgmt since they will eventually hold 10% share and not interest to involve in PBank business. Not to mention, Tan Sri started the business from Zero, from Cents until today. RM8.9per share equivalent to 1.7bn is a bonus fro them tbh.
Thanks to someone up here emphasize on the FSE2013.
So no need to fearmonger on the so called hidden plan.
And today situation will be the guideline for HLB (62%) and Ambank (12%) who still having their founder or cofounder holding more than 10% under Grandfathering rule.
I believe retailer will still critics if Tan Sri family sold with higher price and even normal price.