MPHB Capital gets offer to privatise

MPHB Capital Bhd controlling shareholder Tan Sri Surin Upatkoon.

PETALING JAYA: MPHB Capital Bhd, via its controlling shareholder Tan Sri Surin Upatkoon, is proposing to take the company private through a selective capital reduction exercise totalling RM748.11mil.

In a statement, the general insurer said shareholders would receive RM1.70 per share under the capital repayment proposed by Upatkoon and his family, who collectively control a 43% stake in MPHB