PETALING JAYA: The legacy left behind by the late Tan Sri Lee San Choon will remain etched in the annals of MCA history as one of a staunch, wise and unyielding leader who pushed boundaries.
KUALA LUMPUR (March 5): MPHB Capital Bhd said it is still in talks with Generali Asia a subsidiary of Italian Generali Group about the sale of its stake in its insurance arm MPI Generali Insurans Bhd.
The little-traded MPHB has stepped into the limelight when its share price hit limit up on Thursday, it shot up 29.6% or 32 sen to a three-year high of RM1.40. The leap in share price has added RM207.35 million to the company’s market capitalisation.
The sudden spike on MPHB’s share price has sparked speculation that the group might be sealing a deal to divest the stake in its insurance arm.