Multi Purpose Holdings（MPHB）, Battle for Malaysia’s Gambling Empire
Timeline Description 1989 The collapse of Koperasi Serbaguna Malaysia triggered a market crisis, releasing a 28.9% stake in Multi Purpose Holdings Berhad into the market. This stake became the gateway to control Malaysia’s most lucrative gaming cash flow. 1989 Khoo Kay Peng secured the chairman position of MPHB, aiming to integrate it into Malayan United […]
U Mobile, A Second Attempt at Building a Telecom Challenger
Timeline Description 1995 to 1997 Mutiara Telecommunications received investment from Vincent Tan, with Swisscom as a strategic partner. The business focused on prepaid services but was later sold to Telenor following the Asian Financial Crisis. 2003 Vincent Tan invested in MiTV to explore convergence between media and telecommunications. The venture struggled against dominant incumbent players. […]