MPHB seeks 100% ownership in Magnum
Multi-Purpose Holdings (MPHB), which now holds 51% of Magnum Holdings SB, is buying back the remaining shares of the gaming firm from private equity group CVC Capital for RM1.64bn. CVC Capital had spent some RM2.2bn to buy 49% of Magnum in 2008, under a deal that also privatized the gaming company. MPHB now plans to make gaming its core business once Magnum becomes its wholly-owned subsidiary. (BT)
Coastal secures RM268m vessel sales
Coastal Contracts’ three wholly-owned subsidiaries have secured contracts for the sale of 12 vessels for RM268m. it now has about RM760m worth of vessel sales orders awaiting delivery to customers up to 2012. (The Malaysian Reserve)
Primus misses stake-cut deadline
Primus Pacific Partners LP, a major shareholder of EON Capital, has missed Bank Negara’s end-January deadline to pare down its stake in the bank to 15% from 20%. Sources said that Primus recently wrote to the central bank, stating its intention to reduce its stake in the bank by end-February. The end-January deadline is the second extension granted by the central bank to Primus. (Malaysian Reserve)
KLIA passenger movement for 2010 rises 14.8%
Total passenger movement in the KLIA for 2010 has increased nearly 15% y-o-y to 34.1m. The growth of international passenger movement outpaced domestic passenger movement by growing 20.8% y-o-y to 23.7m from 19.7m a year earlier. Domestic passenger movement rose 3.2% y-o-y to 10.3m. (Financial Daily)
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