Tuesday, September 04, 2007

M'sia Public Bank set up CampuBank Lonpac Insurance Plc in Cambodia

Tuesday September 4, 2007
Public Bank unit in Cambodia

The Star (Malaysia)

KUALA LUMPUR: Public Bank Bhd (PBB) has set up a 55% subsidiary CampuBank Lonpac Insurance Plc in Cambodia to undertake general insurance business in that country.

In a filing with Bursa Malaysia, PBB said CampuBank commenced operations in Phnom Penh on Aug 30.

The bank said the authorised paid-up share capital of CampuBank was 28 billion Khmer Riel or about US$7mil.

LPI Capital Bhd owns the balance 45% in CampuBank.

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