Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On the 28 May, credit service provider<strong> <a href="https://www.smartkarma.com/entities/mphb-capital-bhd" target="_blank" data-smartkarma-citation="entities:8540:1" rel="noopener">MPHB Capital (MPHB MK)</a></strong> announced that controlling shareholder and chairman Tan Sri Surin Upatkoon intended to delist the company via a selective capital reduction.</li>
<li>Shareholders approved the RM1.70/share (87.21% FOR, 8.34% AGAINST) terms. The Offer required the Court to sign off on the SCR, and that's when matters unravelled. </li>
<li>ISM Sdn Bhd, MPHB's minority partner in six JVs, filed an intervening application on the grounds that sanctioning the SCR may affect its rights in an ongoing legal dispute. </li>
</ul>


On the 28 May, credit service provider MPHB Capital (MPHB MK) announced that controlling shareholder and chairman Tan Sri Surin Upatkoon intended to delist the company via a selective capital reduction.
Shareholders approved the RM1.70/share (87.21% FOR, 8.34% AGAINST) terms. The Offer required the Court to sign off on the SCR, and that's when matters unravelled. 
ISM Sdn Bhd, MPHB's minority partner in six JVs, filed an intervening application on the grounds that sanctioning the SCR may affect its rights in an ongoing legal dispute. 


MPHB Capital (MPHB MK)'s Offer Stalls At the Finish Line

Malaysia

MPHB Capital Berhad is predominantly involved in the business of underwriting all classes of general insurance. The Company also has a credit business and investment in properities in Malaysia.

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Mphb Capital (MPHB MK)

MPHB Capital (MPHB MK)'s Offer Stalls At the Finish Line

ISM's injunction puts MPHB under the hammer to reach a conclusion. I think this gets resolved, and is therefore a buying opportunity. But it's not...

David Blennerhassett

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