KUALA LUMPUR: Multi-Purpose Holdings Bhd (MPHB) has proposed to demerge its businesses, which will see its gaming business listed under MPHB and its financial services and other investments listed as a separate entity via a special-purpose vehicle (SPV Capital).
The separation of businesses would allow MPHB to position itself as a purely gaming dividend stock with a sustainable dividend payment policy of at least 80% of its annual profits, MPHB said in a statement.
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