PETALING JAYA: Shareholders of LPI Capital Bhd
might be able to look forward to special dividend yields of up to 18% should the proceeds from the upcoming sale of its stake in Public Bank Bhd are fully returned to them, says Kenanga Research.
In accordance with the Companies Act, LPI is required to dispose of its 1.1% stake in Public Bank shares held within 12 months of the completion of the bank’s acquisition of a 44.2% stake in LPI Capital in December 2024, as it is now classified as a subsidiary.
