Multipurpose May Re-list Magnum
Multi-Purpose Holdings Bhd (MPHB) told Bursa Malaysia that it is currently at a “very preliminary stage” of looking at the possible relisting of Magnum Corp Sdn Bhd. It is exploring various options for the possible listing.
MPHB had said in a filing on Tuesday that it intended to maintain its 51% stake in Magnum even if the latter was relisted. MPHB said the relisting of Magnum on the Main Market was one of the exit strategies contemplated by CVC Capital Partnersa, a global private equity firm which holds 47% in Magnum. Magnum was taken private in 2008 in a deal worth RM4bil. - Star Biz
Magnum believes that gaming should be seen as a fun thing and not gambling.