Magnum shareholders may receive U Mobile shares

Quick Summary:

Magnum Bhd, which owns a 7.8% stake in U Mobile, may distribute the U Mobile shares to its own shareholders as dividend-in-specie, should the telecommunication company be listed on Bursa Malaysia.

Its investment in U Mobile is currently carried in its accounts at RM385.4mil or 20 sen per share.

Currently, Magnum is one of three national number forecast operators in Malaysia with 471 outlets.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: MagnumBhd /Business/Business News 5GNetwork DividendInSpecie ShareholderReturns Corporate News UMobileIPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 00:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23576002

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 7 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 4 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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