MPHB Capital downgraded to Hold on uncertainties


KUALA LUMPUR: Maybank Investment Bank Research has downgraded MPHB Capital to Hold following uncertainties when it can distribute capital/dividend to shareholders following the sale of its 49% stake in Multi-Purpose Insurans.

The research house said on Friday MPHB Capital is selling the insurance stake to Generali Asia for RM335.8mil. 

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