PFHL Privatisation by Public Bank Berhad: Scheme Document Dispatch Deadline Moved to 12 Nov 2026

Bulletin Express09-29

Public Bank Berhad (PBB) and Public Financial Holdings Limited (PFHL) jointly announced an extension for dispatching the scheme document related to PBB’s proposed privatisation of PFHL and the consequent delisting of PFHL from the Hong Kong Stock Exchange.

Under Rule 8.2 of Hong Kong’s Takeovers Code, the scheme document was originally due by 29 September 2026—21 days after the 8 September 2026 joint announcement. Because additional time is required for a Bermuda court directions hearing and for finalising information—including the Independent Financial Adviser’s letter—the parties sought regulatory consent to extend the deadline. The Securities and Futures Commission’s Executive has indicated its willingness to grant an extension, shifting the latest dispatch date to 12 November 2026.

A detailed timetable for the privatisation scheme and delisting will be provided in the forthcoming scheme document and a subsequent joint announcement. Implementation of the scheme remains conditional upon satisfaction or waiver of all prescribed conditions by the long-stop date. Shareholders are advised to exercise caution when dealing in PFHL securities until further notice.

The boards of PBB and PFHL accept responsibility for the accuracy of the information contained in the announcement dated 29 September 2026.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1187812439?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-29 17:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1187812439","market":"us","top_or_hot":-1,"title":"PFHL Privatisation by Public Bank Berhad: Scheme Document Dispatch Deadline Moved to 12 Nov 2026","media":"Bulletin Express","content":"<p>Public Bank Berhad (PBB) and Public Financial Holdings Limited (PFHL) jointly announced an extension for dispatching the scheme document related to PBB’s proposed privatisation of PFHL and the consequent delisting of PFHL from the Hong Kong Stock Exchange.</p>\n<p>Under Rule 8.2 of Hong Kong’s Takeovers Code, the scheme document was originally due by 29 September 2026—21 days after the 8 September 2026 joint announcement. Because additional time is required for a Bermuda court directions hearing and for finalising information—including the Independent Financial Adviser’s letter—the parties sought regulatory consent to extend the deadline. The Securities and Futures Commission’s Executive has indicated its willingness to grant an extension, shifting the latest dispatch date to 12 November 2026.</p>\n<p>A detailed timetable for the privatisation scheme and delisting will be provided in the forthcoming scheme document and a subsequent joint announcement. Implementation of the scheme remains conditional upon satisfaction or waiver of all prescribed conditions by the long-stop date. Shareholders are advised to exercise caution when dealing in PFHL securities until further notice.</p>\n<p>The boards of PBB and PFHL accept responsibility for the accuracy of the information contained in the announcement dated 29 September 2026.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PFHL Privatisation by Public Bank Berhad: Scheme Document Dispatch Deadline Moved to 12 Nov 2026</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPFHL Privatisation by Public Bank Berhad: Scheme Document Dispatch Deadline Moved to 12 Nov 2026\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-09-29 17:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Public Bank Berhad (PBB) and Public Financial Holdings Limited (PFHL) jointly announced an extension for dispatching the scheme document related to PBB’s proposed privatisation of PFHL and the consequent delisting of PFHL from the Hong Kong Stock Exchange.</p>\n<p>Under Rule 8.2 of Hong Kong’s Takeovers Code, the scheme document was originally due by 29 September 2026—21 days after the 8 September 2026 joint announcement. Because additional time is required for a Bermuda court directions hearing and for finalising information—including the Independent Financial Adviser’s letter—the parties sought regulatory consent to extend the deadline. The Securities and Futures Commission’s Executive has indicated its willingness to grant an extension, shifting the latest dispatch date to 12 November 2026.</p>\n<p>A detailed timetable for the privatisation scheme and delisting will be provided in the forthcoming scheme document and a subsequent joint announcement. Implementation of the scheme remains conditional upon satisfaction or waiver of all prescribed conditions by the long-stop date. Shareholders are advised to exercise caution when dealing in PFHL securities until further notice.</p>\n<p>The boards of PBB and PFHL accept responsibility for the accuracy of the information contained in the announcement dated 29 September 2026.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00626","symbol_name":"大众金融控股","start_time":0,"source_url":"","article_id":"1187812439","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1187812439","pubTimestamp":1790672975,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Public Bank Berhad (PBB) and Public Financial Holdings Limited (PFHL) jointly announced an extension for dispatching the scheme document related to PBB’s proposed privatisation of PFHL and the...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00626":"大众金融控股"},"translate_title":"Public Bank Berhad 的 PFHL 私有化：计划文件发送截止日期推迟至 2026 年 11 月 12 日","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00626":1},"content_text":"Public Bank Berhad (PBB) and Public Financial Holdings Limited (PFHL) jointly announced an extension for dispatching the scheme document related to PBB’s proposed privatisation of PFHL and the consequent delisting of PFHL from the Hong Kong Stock Exchange.\nUnder Rule 8.2 of Hong Kong’s Takeovers Code, the scheme document was originally due by 29 September 2026—21 days after the 8 September 2026 joint announcement. Because additional time is required for a Bermuda court directions hearing and for finalising information—including the Independent Financial Adviser’s letter—the parties sought regulatory consent to extend the deadline. The Securities and Futures Commission’s Executive has indicated its willingness to grant an extension, shifting the latest dispatch date to 12 November 2026.\nA detailed timetable for the privatisation scheme and delisting will be provided in the forthcoming scheme document and a subsequent joint announcement. Implementation of the scheme remains conditional upon satisfaction or waiver of all prescribed conditions by the long-stop date. Shareholders are advised to exercise caution when dealing in PFHL securities until further notice.\nThe boards of PBB and PFHL accept responsibility for the accuracy of the information contained in the announcement dated 29 September 2026.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1187812439","isCrawlerRequest":true}