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PR Newswire
26-02-2013, 04:56 PM
It is not always controlling shareholder win, minority shareholders also have a say 
Malaysian tycoon fails to take Hong Leong Capital private
KUALA LUMPUR — Malaysia’s Hong Leong Financial Group, controlled by the country’s sixth richest man Quek Leng Chan, has failed to take its 79 per-cent-owned investment banking arm Hong Leong Capital Bhd private as shareholders hold out for a better offer.
Hong Leong Financial told the stock exchange late yesterday that it acquired only a 2.24 per cent stake, or 5.5 million shares, during the offer period, bringing its total ownership in the investment bank to just 81.3 percent.
http://www.todayonline.com/business/mala...al-private
Malaysian tycoon fails to take Hong Leong Capital private
KUALA LUMPUR — Malaysia’s Hong Leong Financial Group, controlled by the country’s sixth richest man Quek Leng Chan, has failed to take its 79 per-cent-owned investment banking arm Hong Leong Capital Bhd private as shareholders hold out for a better offer.
Hong Leong Financial told the stock exchange late yesterday that it acquired only a 2.24 per cent stake, or 5.5 million shares, during the offer period, bringing its total ownership in the investment bank to just 81.3 percent.
http://www.todayonline.com/business/mala...al-private
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