Mulpha owns 23.5% Mudajaya.
At present, Mulpha's market cap is around RM671m. Its investment in Mudajaya, as at 14/8, worth RM307m translated to 26sen per share; excluding its other investment in Mulpha Land (listed in Malaysia), FKP (listed in Australia), Greenfield Chemical (listed in Hong Kong), Rotol (listed in Sg) as well as its properties and hotel portfolio in Australia and land banks.
YTD, Mulpha's NTA stood at RM1.70. Its share price is almost 70% discount to its NTA.
This is just my thought: If Mulpha decided to stream the Mudajaya shares back to its shareholders, that would be a good channel to realise Mulpha share value, increase Mudajaya's liquidity and streamline its corporate structure.
Share and Enjoy!At present, Mulpha's market cap is around RM671m. Its investment in Mudajaya, as at 14/8, worth RM307m translated to 26sen per share; excluding its other investment in Mulpha Land (listed in Malaysia), FKP (listed in Australia), Greenfield Chemical (listed in Hong Kong), Rotol (listed in Sg) as well as its properties and hotel portfolio in Australia and land banks.
YTD, Mulpha's NTA stood at RM1.70. Its share price is almost 70% discount to its NTA.
This is just my thought: If Mulpha decided to stream the Mudajaya shares back to its shareholders, that would be a good channel to realise Mulpha share value, increase Mudajaya's liquidity and streamline its corporate structure.
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