$Richtech Robotics (RR.US)$ $Tesla (TSLA.US)$ What taboo have I committed, why does whatever I buy crash?
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Today, it's actually not a public banks press conference, it's a press conference held by descendants of Zheng Hongbiao explaining how to handle the inherited net.
In simple terms, it's about collecting the net.
Liquidate all shares of LPI, please ask the banks to take over, recover 1.7 billion. 1.7 billion is 25% lower than the market price, they don't care, compared to when Zheng Hongbiao founded the business, the value has already multiplied by dozens or hundreds.
Next is to partially exit from the public banks, to comply with the policies of the national banks. The Zheng family currently holds 22.77% of the public banks, they want to reduce it to 10%, which means selling 12.77% of the shares.
12.77% equity is now worth 11.3 billion. ok, It's just a number, the Zheng family also said they would sell cheap, if discounted like LPI by 25%, they could cash out close to 8.5 billion.
Altogether, the Zheng family descendants can have over 10 billion, happy.
The remaining 10% of Public Bank is like philately, keeping it as a memento to show love, can attend the Annual General Meeting for food and drinks every year.
It's just that our philately is 100 shares, while others' philately is 10%.
Structure
$PBBANK (1295.MY)$
$LPI (8621.MY)$
In simple terms, it's about collecting the net.
Liquidate all shares of LPI, please ask the banks to take over, recover 1.7 billion. 1.7 billion is 25% lower than the market price, they don't care, compared to when Zheng Hongbiao founded the business, the value has already multiplied by dozens or hundreds.
Next is to partially exit from the public banks, to comply with the policies of the national banks. The Zheng family currently holds 22.77% of the public banks, they want to reduce it to 10%, which means selling 12.77% of the shares.
12.77% equity is now worth 11.3 billion. ok, It's just a number, the Zheng family also said they would sell cheap, if discounted like LPI by 25%, they could cash out close to 8.5 billion.
Altogether, the Zheng family descendants can have over 10 billion, happy.
The remaining 10% of Public Bank is like philately, keeping it as a memento to show love, can attend the Annual General Meeting for food and drinks every year.
It's just that our philately is 100 shares, while others' philately is 10%.
Structure
$PBBANK (1295.MY)$
$LPI (8621.MY)$
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