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The Volkswagen Bank press conference has been rescheduled to Thursday.
Volkswagen Bank $PBBANK (1295.MY)$ The press conference scheduled for this Friday (11th) has been moved forward to Thursday noon.
Volkswagen Bank has not disclosed the reason for holding the press conference earlier, nor has the bank revealed the main content of the press conference. The media invitation only mentioned that this is to announce a major corporate news.
Volkswagen Bank and its affiliated insurance company Lund Ping. $LPI (8621.MY)$ Suspending trading together from 9:00 a.m. today, believed to be related to the above significant corporate news.
Investment holding company - Consolidated Teh Holdings Sdn Bhd, established by the late Tan Sri Teh Hong Piow, is the major shareholder of Volkswagen Bank and Lund Ping.
There have been numerous media reports yesterday that Volkswagen Bank is set to acquire Lund Ping. Today, Bloomberg also quoted some unnamed sources saying that Volkswagen Bank will acquire nearly 43% of Lund Ping's shares held by Consolidated Teh Holdings through cash and share issuance.
Once this transaction is completed, Volkswagen Bank will trigger a mandatory full takeover of Lund Ping, and sources stated that Volkswagen Bank's acquisition aim is to become a comprehensive full-service bank, providing various types of financial services.
Source: Nanyang Business Times
Disclaimer: This content is for reference and educational purposes only...
Volkswagen Bank $PBBANK (1295.MY)$ The press conference scheduled for this Friday (11th) has been moved forward to Thursday noon.
Volkswagen Bank has not disclosed the reason for holding the press conference earlier, nor has the bank revealed the main content of the press conference. The media invitation only mentioned that this is to announce a major corporate news.
Volkswagen Bank and its affiliated insurance company Lund Ping. $LPI (8621.MY)$ Suspending trading together from 9:00 a.m. today, believed to be related to the above significant corporate news.
Investment holding company - Consolidated Teh Holdings Sdn Bhd, established by the late Tan Sri Teh Hong Piow, is the major shareholder of Volkswagen Bank and Lund Ping.
There have been numerous media reports yesterday that Volkswagen Bank is set to acquire Lund Ping. Today, Bloomberg also quoted some unnamed sources saying that Volkswagen Bank will acquire nearly 43% of Lund Ping's shares held by Consolidated Teh Holdings through cash and share issuance.
Once this transaction is completed, Volkswagen Bank will trigger a mandatory full takeover of Lund Ping, and sources stated that Volkswagen Bank's acquisition aim is to become a comprehensive full-service bank, providing various types of financial services.
Source: Nanyang Business Times
Disclaimer: This content is for reference and educational purposes only...
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102068599 Jacky
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$TENAGA (5347.MY)$ Go for it 🚀
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$PBBANK (1295.MY)$ $LPI (8621.MY)$ KUALA LUMPUR: Trading of Public Bank Bhdand LPI Capital Bhd shares will be suspended from 9 am on October 9, pending the release of a material announcement.
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$PBBANK (1295.MY)$ Trading is suspended, what happened, is there good news to announce? Most importantly, the stock price will rise.
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102068599 Jacky
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$PBBANK (1295.MY)$ i can feel it suddenly the price will be very high
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$CREST (0323.MY)$
as usual.. not successful...😂😂😂
as usual.. not successful...😂😂😂
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$TENAGA (5347.MY)$ Charge ahead 🚀
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