MUFG substantial shareholder in Public Bank

Public Mutual, a unit of Public Bank, is Malaysia

KUALA LUMPUR: Mitsubishi UFJ Financial Group, Inc. (MUFG) has emerged as a substantial shareholder in Public Bank with an indirect stake of 5.002%.

A filing with Bursa Malaysia on Thursday showed the stake accounted for 193.15 million shares as at Oct 21.

MUFG is deemed interest in the shares via its stakes in its units and also via a 15% stake in Morgan Stanley Group.

Public Bank, which has a paid-up of 3.861 billion shares, shed two sen to RM18.16 at midday.

Its largest shareholder is Consolidated Teh Holdings Sdn Bhd with 840.13 million shares followed by the Employees Provident Fund with 601.18 million shares.