Privatisation of MBf causing unhappiness among minority shareholders


PETALING JAYA: The planned privatisation of MBf Holdings Bhd (MBf) is causing unhappiness among minority shareholders. Among the main grouses is the special dividend that was promised to them following the sale of its card business to the AmBank Group.

They also contended that MBf's takeover offer should have been based on its recently released financial year (FY) 2012 results, which had factored in the gains from the disposal of its card business as opposed to FY2011.

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