PETALING JAYA: Public Bank Bhd
shares closed unchanged at RM6.75 amidst active trading yesterday, possibly due to international wire reports of the bank winning a bid to purchase the Hong Kong banking arm of Asia Financial Holdings Ltd for HK$4.5bil (RM2.15bil) cash.
Quoting sources, the reports said this purchase price appeared to be much higher than the expected US$460mil quoted by market sources.
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