Hong Kong students drop in global rankings for maths, science and literacy
Hong Kong secondary school students’ performance has fallen in an international assessment focused on three core subjects, with their science score dropping out of the global top 10 for the first time in the study’s history. Experts said on Tuesday that the decline in Hong Kong scores in the Programme for International Student Assessment (Pisa) was partly due to the post-Covid impact on study…
Public Bank Bhd has proposed to privatize its 73.23% stake in Hong Kong-listed Public Financial Holdings Ltd (PFHL) at a price of RM1.29 per share. This cash offer costs Public Bank approximately HK$734.75 million to acquire the remaining 26.77% stake, or 293.9 million shares. The offer price is 61.29% higher than PFHL's closing price on the last trading day before the announcement, and 83.82% higher than its average daily closing price over the past year.
However, the offer is 64.64% lower than PFHL's unaudited consolidated net asset value of HK$7.08 per share as of June 30. PFHL's businesses include banking, financial services, stockbroking, investment property leasing, and leasing for taxi and public light-bus purchases, among others. Public Bank aims to simplify PFHL's ownership structure and streamline operations by taking the subsidiary private, allowing more resources to be allocated to its banking operations.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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