Malaysia's Public Bank to buy 44.15% stake in insurer LPI for $400 million
Malaysia's third biggest lender by assets, Public Bank, said on Thursday that it will acquire a 44.15 per cent stake in general insurer LPI Capital for 1.72 billion ringgit ($400.5 million) in cash.Public Bank will acquire the stake from Consolidated Teh Holdings and the estate of the late Teh Hong Piow,
10 Oct 09:29 · CNA