Magnum shareholders may receive U Mobile shares

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The story "Magnum shareholders may receive U Mobile shares" was covered 9 hours ago by The Star, a news publisher based in Malaysia.

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The Star 9h ago

Magnum shareholders may receive U Mobile shares - The Star

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.