MPHB expected to announce major acquisition

This is an article from TheStar, dated 9 Feb 2011.


PETALING JAYA: Multi-Purpose Holdings Bhd (MPHB) will be announcing a major acquisition today, reliable sources said, although speculation is rife that the company could also be announcing the re-listing of its gaming subsidiary Magnum Corp Sdn Bhd.

Yesterday MPHB suspended its shares since the afternoon trading session, pending a material announcement. It has already been widely speculated that MPHB is finalising plans to relist Magnum. Such talks had been reflected in the sudden surge of investor interest in MPHB's securities, contributing to the recent rise in its share price.

However, a source close to the company said the announcement was more related to a significant acquisition by MPHB.

http://biz.thestar.com.my/news/story.asp?file=/2011/2/9/business/8025179&sec=business