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LPI Capital ends as top loser following founder's passing

Following the passing of LPI Capital Bhd’s founder and chairman Tan Sri Dr Teh Hong Piow on Monday (Dec 12), the insurer’s counter sat at the top of Bursa Malaysia’s losers list after its share price fell 32 sen or 2.44% to close at RM12.80. ....

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Public Bank founder Teh Hong Piow passes away, aged 92

Public Bank Bhd founder and chairman emeritus Tan Sri Dr Teh Hong Piow passed away on Monday morning (Dec 12) at the age of 92, the bank confirmed in the evening, a few minutes before the stock market's 5pm close. “It is with deep sorrow we announce that our chairman emeritus.passed away peacefully at 10.20am today at the age of 92. Teh’s passing is a great loss to the Public Bank group,” the bank’s managing director and chief executive officer Tan Sri Tay Ah Lek said in a media release. ....

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Robert Kuok and Teh Hong Piow add more to fortune

Robert Kuok and Teh Hong Piow add more to fortune
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Malaysia's richest tycoons and the billions in dividends they earned in 4Q2020

EIGHT of Malaysia’s top 10 richest tycoons based on Forbes’ 2020 billionaires list earned a whopping RM1.99 billion worth of dividends from the recently announced financial results for the quarter ended Dec 31, 2020, according to their known shareholdings in Bursa Malaysia-listed firms.
Among them, Public Bank Bhd founder Tan Sri Dr Teh Hong Piow is expected to receive the biggest dividend payout totalling RM668.18 million from his shareholdings in the bank and insurer LPI Capital Bhd.
Public Bank, the third-largest banking group in the country by asset size, declared an interim dividend of 13 sen (payable on March 22) for the fourth quarter of financial year 2020 (4QFY2020) ended Dec 31, 2020. Public Bank also undertook a four-for-one bonus share issue to reward shareholders last year, which enlarged the number of Public Bank’s outstanding shares to 4.2 billion. ....

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