MPHBCAP

0.910

-0.005 (-0.5%)

PARAGRAPH/RULE 8.03A COMPANIES : OTHERS

MPHB CAPITAL BERHAD

Type Announcement
Subject PARAGRAPH/RULE 8.03A COMPANIES
OTHERS
Description
MPHB CAPITAL BERHAD ("MPHB" OR "THE COMPANY") - PARAGRAPH 8.03A OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD

This announcement is dated 30 August 2022.

 

We refer to the circular to shareholder of MPHB dated 28 June 2022 and announcement dated 30 August 2022 in relation to the completion of the disposal by Multi-Purpose Capital Holdings Berhad, a wholly-owned subsidiary of MPHB, of its remaining 51% equity interest in MPI Generali Insurans Berhad to Generali Asia N.V. for a cash consideration of RM522,059,048 (“Disposal”).

 

Following the completion of the Disposal on 30 August 2022, the Board of Directors of MPHB wishes to announce that the Company has triggered Paragraph 8.03A(2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”) (“Listing Requirements”) as the Company has ceased its major business.

 

As announced on 19 August 2022, Bursa Securities had vide its letter dated 18 August 2022 rejected the waiver application to exempt MPHB from being classified as an Affected Listed Issuer pursuant to Paragraph 8.03A(2) of the Listing Requirements. The Company plans to appeal Bursa Securities’ decision on the said waiver application.






Announcement Info

Company Name MPHB CAPITAL BERHAD
Stock Name MPHBCAP
Date Announced 30 Aug 2022
Category General Announcement for PLC
Reference Number GA1-29082022-00093