The press conference of Volkswagen Bank has been rescheduled to Thursday.
The press conference of Volkswagen Bank has been rescheduled to Thursday.
Volkswagen Bank $PBBANK (1295.MY)$ The press conference scheduled for this Friday (the 11th) has been moved up to Thursday noon.
Public banks did not disclose the reason for holding the press conference early, nor did they disclose the main content of the press conference. They only stated in the media invitation that this is to announce a major corporate news.
Popular banks and their associated insurance company Lunping $LPI (8621.MY)$ The trading of Popular Banks and Lunping has been suspended together since 9 a.m. today, believed to be related to the above-mentioned major corporate news.
Investment holding company founded by the late Tan Sri Teh Hong Piow - Consolidated Teh Holdings Sdn Bhd, is a common major shareholder of Popular Banks and Lunping.
There have been numerous media reports yesterday stating that Popular Banks will acquire Lunping, and today Bloomberg also quoted some unnamed sources who indicated that Popular Banks will acquire nearly 43% stake in Lunping held by Consolidated Teh Holdings through cash and stock.
Once this deal is finalized, it will trigger Popular Banks' mandatory full tender offer for Lunping, and insiders say that the purpose of Popular Banks' acquisition is to become a comprehensive full-service bank offering all kinds of financial services.
Source of information: Nanyang Business Daily
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103206467 : The AI translation totally out
Mavis The Learner : So true. Bank name and insurance company name are beyond recognition. btw, what does it have to do with Volkswagen?![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
103353263 Mavis The Learner :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
103662722 : Do you know what time it is? Do you know what time the press conference is? Where can I receive the latest news?
winson goh 103662722 : I heard it's 1 o'clock in the afternoon.
谈笑度凡尘 Mavis The Learner : Must be AI from China!!! 大众 is the mandarin name of Volkswagen in China!!!![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
FireYolo 103206467 : The AI engine must be originated from China. 大众there = Volkswagen.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
KangkungBelacan : Volkswagen means People's Car in German. 鍵盤手們，請自重多閱讀再嘲諷，好嗎？
谈笑度凡尘 KangkungBelacan : please read the whole translated article before you put comment here. Is there Volkswagen Bank in Malaysia? In Mandarin article, it said 大众银行 but it becomes Volkswagen Bank then later Popular Bank!!!