Limitation in the value of Teh and Quek’s shareholding
TAN Sri Teh Hong Piow and Tan Sri Quek Leng Chan, the owners of two Chinese banks are multi-billionaires.
Teh has a 23.4% stake in Public Bank Bhd and 44.2% in insurance company, LPI Capital Bhd. Teh’s interest in Public Bank is worth RM18.6bil, which puts him among the top three richest persons in the country.
Quek has a web of companies in Malaysia and Hong Kong with interest ranging from banks to manufacturing and property development.
His flagship company is in financial services, namely Hong Leong Financial Group (HLFG), which in turn is controlled by Hong Leong Company (M) Sdn Bhd. Quek owns 49% of Hong Leong Company that holds 52% in HLFG.
...
The content is a snapshot from Publisher. Refer to the original content for accurate info. Contact us for any changes.
Related Stocks
Comments