PETALING JAYA: MPHB Capital Bhd
has received a no-objection notice from Bank Negara for the party interested in its insurance arm to take up a call option that could see it divesting a controlling stake in Multi-Purpose Insurans Bhd.
The Tan Sri Surin Upatkoon-owned firm said in a Bursa Malaysia filing yesterday that the central bank had no objections for MPHB Capital to start negotiations to grant the interested buyer a call option to acquire additional equity in Multi-Purpose Insurans.
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