MPHB Capital hands in application

PETALING JAYA: MPHB Capital Bhd (MPHB Capital) has submitted an application to Bank Negara for the proposed disposal of 49% equity interest in Multi-Purpose Insurans Bhd (MPIB).

In a statement to Bursa Malaysia, MPHB Capital said it sought the approval of the Finance Ministry to be granted the options to dispose/ acquire equity interest in MPIB and the entry into definitive agreements for the proposed transactions with an interested party.