Bursa Malaysia was lower in early trade on Wednesday (Aug 10), in sync with regional bourses, as market sentiment was weighed down by the weak overnight Wall Street closing, rising geopolitical tension and heightened inflationary pressures.
Counters related to Malaysia’s second richest man, Tan Sri Quek Leng Chan Hong Leong Bank Bhd (HLBB) and Hong Leong Financial Group Bhd (HLFG) emerged as top gainers on the local bourse on Tuesday (Aug 9), following a report that the billionaire is weighing options for his stake in HLBB.
By Yantoultra Ngui SINGAPORE (Reuters) -Malaysia's second-richest man Quek Leng Chan is weighing options for his stake in Hong Leong Bank Bhd, including a
SINGAPORE: Malaysia's second-richest man Tan Sri Quek Leng Chan is weighing options for his stake in Hong Leong Bank Bhd, including a merger, two sources with knowledge of the matter said, in a move that could trigger wider consolidation in the sector.