Mitsubishi UFJ purchases a 5% stake in Public Bank
Mitsubishi UFJ Financial Group has become a substantial shareholder in Public Bank  with its purchase of a 5.002% stake in the company.

KUALA LUMPUR (Oct 29): Japan-based Mitsubishi UFJ Financial Group Inc became a substantial shareholder in Public Bank Bhd with a 5.002% stake, after purchasing 193.15 million shares in the Malaysian entity.

According to Public Bank’s statement to Bursa Malaysia today, Mitsubishi UFJ made the purchase on Oct 21 this year.

Today, Public Bank shares fell two sen or 0.1% to RM18.16 at 2:41pm, for a market capitalisation of RM70.1 billion.

The stock saw some 1.6 million shares traded.