Monday, November 2, 2009

Hong Leong Bank Buying Public Bank??

There is news out that potentially HLB might buy Public Bank?? This is a surprise. Not sure if Datuk Teh Hong Piow, the chairman of Public Bank is willing to relinquish control of the bank that he started. Although, there are some rumors that his health is suspect and a worthy successor is wanting. Not sure on the details but the merger will make Hong Leong & Public Bank to be the 2nd largest local bank in Malaysia. Hong Leong Bank has one of Najib's 4th brother as one of its Non-Executive Director.  Let's see for the next few weeks what will happen.

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