Acquiring Company
Public Bank Bhd
Acquired Company
Public Financial Holdings Ltd
Kuala Lumpur
ChinaFinancial ServicesFinanceLendingBankingFinancial ServicesDescription
Public Bank Bhd has proposed to acquire the remaining 27% stake in its subsidiary, Public Financial Holdings Ltd, for HK$2.50 per share, totalling RM380 million. The acquisition is seen as neutral with minimal financial impact on Public Bank. It may offer capital optimisation opportunities and align PFHL’s capital levels with industry peers. Overall, the acquisition is expected to support Public Bank's core operations and enhance its long-term business strategy.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Public Financial Holdings Ltd?
Public Financial Holdings Ltd was acquired by Public Bank Bhd, based in Kuala Lumpur. The deal was reported on September 9, 2026. Public Bank Bhd is the country’s third largest banking group by assets with a cash reserve of RM12.4 billion. It is a prominent financial institution with a strong presence in the banking sector. Public Bank Bhd is privately held and operates in Financial Services.
When did Public Bank Bhd acquire Public Financial Holdings Ltd?
Public Bank Bhd's acquisition of Public Financial Holdings Ltd was reported on September 9, 2026. Public Bank Bhd has proposed to acquire the remaining 27% stake in its subsidiary, Public Financial Holdings Ltd, for HK$2.50 per share, totalling RM380 million. The acquisition is seen as neutral with minimal financial impact on Public Bank. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Public Financial Holdings Ltd do?
Public Financial Holdings Ltd is a Hong Kong-listed subsidiary focusing on commercial banking, stockbroking, and investment property leasing. It operates a network of branches in Hong Kong and offers financing for various sectors, including taxi services. It is privately held, operating in Financial Services, and is based in China.
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