Public Bank, Public Financial, Despatch Scheme Document for Privatization
MT Newswires Live
Oct 30
Public Bank (KLSE:PBBANK) and Public Financial (HKG:0626) have dispatched a scheme document for the former's proposed privatization of Public Financial by way of a scheme of arrangement.
Independent financial adviser, Somerley Capital, considers the proposal and scheme fair and reasonable and recommends the disinterested scheme shareholders to vote in favor of it.
A court meeting and special general meeting with be held on Nov. 23.
Earlier, Public Bank had proposed to privatize Public Financialthrough a scheme of arrangement for approximately HK$734.7 million.
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