THE heirs of the late Public Bank Bhd
founder Tan Sri Teh Hong Piow are selling down his estate’s stake to 10% over the next five years, from 23.4% currently. But it’s not necessarily because they want to.
They have do so to comply with the Financial Services Act (FSA) 2013, highlighting a concern that the legislation may now have outlived its usefulness in certain aspects.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
