LPI Capital Bhd has completed the disposal of its remaining shares in Public Bank Berhad (PBB) for approximately RM1.05 billion, fully exiting its stake in the banking group.
In a Bursa Malaysia filing, LPI said the company and its subsidiary, Lonpac Insurance Bhd, completed the disposal on May 21, 2026 through the sale of 220.29 million PBB shares to local and foreign institutional investors.
The shares were disposed of at RM4.75 each, representing a 0.42% discount to Public Bank’s closing price of RM4.77 on May 20, 2026.
The disposal price also represented a 2.08% discount to Public Bank’s five-day volume weighted average price of RM4.8510 up to and including May 20.
Based on the disposal price, the transaction raised gross proceeds of about RM1.05 billion.
The disposal was carried out pursuant to LPI’s disposal mandate announced previously as part of efforts to comply with regulatory requirements under Section 22(5)(b) of the Financial Services Act.
Following completion of the exercise, LPI and Lonpac no longer hold any shares in Public Bank.
Public Investment Bank Berhad acted on behalf of LPI in the transaction.
