Who Owns Magnum Company?

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Who Really Owns Magnum Berhad?

Understanding Magnum SWOT Analysis is crucial, but have you ever wondered about the core of its operations? The ownership structure of a company dictates its strategic direction and future prospects. This article peels back the layers to reveal the key players behind Magnum Berhad, a significant entity in Malaysia's gaming sector.

Delving into Magnum Berhad's ownership provides valuable insights into its market position and future strategies. Examining Magnum SWOT Analysis alongside the ownership details helps paint a comprehensive picture of the company's strengths and weaknesses. This analysis is particularly relevant to investors interested in the Malaysian market and those curious about the evolution of Magnum ownership and its impact on the business. The Magnum ice cream brand, although not directly related, highlights the importance of understanding parent companies and their impact on product lines.

The story of Magnum Berhad began in December 1968, with the founding of its operating subsidiary, Magnum Corporation Sdn. Bhd. (MCSB). Initially, the company was established as Multi-Purpose Holdings Berhad on August 18, 1975. While specific details on the original shareholding structure aren't readily available, Tan Sri Vincent Tan is recognized as a key figure associated with Magnum Corporation Berhad.

Magnum transitioned to a public company in 1970, subsequently listing on the Kuala Lumpur Stock Exchange (KLSE) in the same year. This early move set the stage for its expansion and influence in the market. The company's early success was significantly shaped by its pioneering role in Malaysia's private sector, being the first to secure a license for numbers forecast betting.

The company's ownership structure underwent a significant change when it was de-listed on July 2, 2008, following a privatization exercise. At the time of privatization, Magnum was primarily owned by Multi-Purpose Holdings Berhad (MYX: 3859) through Magnum Holdings Sendirian Berhad, holding a 51% stake. The remaining 49% was held by CVC Asia Pacific Limited. This shift marked a pivotal moment in the evolution of Magnum's brand history.

Key Ownership Details

Understanding the evolution of Magnum ownership provides insights into the company's strategic direction and market positioning. The initial founders and early shareholders played a crucial role in establishing the company's foundation. The privatization in 2008, with Multi-Purpose Holdings Berhad and CVC Asia Pacific Limited as major stakeholders, reshaped its ownership landscape.

• Magnum Berhad was incorporated in December 1968, with its operating subsidiary, Magnum Corporation Sdn. Bhd. (MCSB), founded in the same year.
• The company was initially founded as Multi-Purpose Holdings Berhad on August 18, 1975.
• Tan Sri Vincent Tan is noted as a founder and key figure associated with Magnum Corporation Berhad.
• Magnum was converted to a public company in 1970 and subsequently listed on the Kuala Lumpur Stock Exchange (KLSE) in the same year.
• The company was de-listed on July 2, 2008, following a privatization exercise.
• At the time of privatization, Magnum was 51% owned by Multi-Purpose Holdings Berhad (MYX: 3859) through Magnum Holdings Sendirian Berhad, with the remaining 49% held by CVC Asia Pacific Limited.

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The ownership of Magnum Berhad has seen considerable changes since its initial listing on the Kuala Lumpur Stock Exchange (KLSE) in 1970. Initially, the company was publicly traded, but it was delisted in 2008, becoming a private limited company. At that time, Multi-Purpose Holdings Berhad held a controlling stake of 51% through Magnum Holdings Sendirian Berhad, while CVC Asia Pacific Limited owned the remaining 49%. A significant shift occurred in June 2013, when a demerger resulted in Multi-Purpose Holdings Berhad selling its non-gaming business. Following this, the company was renamed Magnum Berhad.

These changes in the ownership structure of Magnum have significantly influenced its strategic direction and governance. The shifts in major shareholding reflect the dynamic nature of the company's financial landscape, with institutional and private investments playing a crucial role in shaping its future. Understanding the evolution of Magnum's ownership provides insight into the company's strategic decisions and its position within the broader market of ice cream brands.

As of the latest available data, Casi Management Sdn. Bhd. is a major shareholder of Magnum, holding 30.43% of the equities, which is valued at RM 132 million. Other significant shareholders include MWE Holdings Bhd., Shan Hijauan Sdn. Bhd., Great Eastern Life Assurance Co. Ltd., Shamara Finance Ltd., Allamanda Growth Ltd., and Asmara Land Sdn. Bhd. Magnum Berhad itself holds 0.0396% of its own shares, totaling 569,709 shares. The total free-float for Magnum's stock A is 49.83%, representing 716,390,977 shares out of 1,437,748,654 total shares. This ownership structure directly influences the company's strategy and governance.

Magnum Ownership Insights

Understanding the ownership structure of Magnum is essential for investors and stakeholders. The major shareholders, such as Casi Management Sdn. Bhd., significantly influence the company's direction.

• Casi Management Sdn. Bhd. holds a significant stake in Magnum.
• The free-float of Magnum's stock A is approximately 49.83%.
• Changes in ownership impact the company's strategic decisions.
• The current ownership structure reflects a dynamic investment landscape.

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The current board of directors of Magnum Berhad plays a critical role in its governance. According to the Integrated Annual Report 2024, Tan Sri Dato' Surin Upatkoon is the Non-Independent Non-Executive Chairman and a major shareholder. His son, Krian Upatkoon, serves as an Executive Director. Datuk Vijeyaratnam a/l V. Thamotharam Pillay, who joined the Board in November 1999, is a member of the Nomination Committee and the Group Audit Committee. Dato' Lawrence Lim Swee Lin, appointed in June 2013 as a Non-Executive Director and later re-designated as an Executive Director in February 2014, is a member of the Group Risk Management Committee.

The company's constitution requires a minimum of two and a maximum of nine directors. At least two directors or one-third of the board must be independent directors. The Board aims for at least 30% women directors, in line with the Malaysian Code of Corporate Governance (MCCG 2021). The Board's decisions are made collectively, with a majority of Non-Executive Directors ensuring a balance of power. The Chairman, a Non-Independent Non-Executive Director, is the main contact for shareholder concerns. At the 49th Annual General Meeting on May 29, 2025, all ordinary resolutions, including the approval of directors' fees and remuneration, were passed by a large majority of shareholders.

Understanding Magnum ownership involves looking at its parent company. While the Magnum ice cream brand is well-known, its ownership structure is key. The brand is part of the larger portfolio of Unilever. For more insights into how Magnum ice cream competes in the market, check out the Competitors Landscape of Magnum.

Key Takeaways on Magnum's Board

The board composition ensures diverse expertise and independence.

• The Chairman plays a key role in shareholder communication.
• The company adheres to corporate governance best practices.
• Decisions are made collectively, ensuring balanced authority.
• The focus is on maintaining a diverse and effective board.

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Recent developments at Magnum Berhad have significantly impacted its ownership profile over the past few years. For the financial year ended December 31, 2024, Magnum's net profit reached RM152.81 million, marking a 22% increase from RM125.27 million in FY2023. Revenue also saw a rise, edging up 3.3% to RM2.23 billion. The company's financial performance continued to be strong into 2025, with revenue increasing by 11% to RM648.9 million in the first quarter compared to Q1 2024, and net income soaring by 92% to RM49.8 million. These financial results could influence investor confidence and potentially affect ownership dynamics.

Magnum declared a fourth interim dividend of 2.5 sen per share, payable on March 26, 2025, bringing the total dividend payout for FY2024 to 7.5 sen per share, which is higher than the six sen declared in FY2023. The company also announced a first interim dividend of 2.5 sen per ordinary share for the financial year ending December 31, 2025, payable on June 25, 2025. Furthermore, Magnum announced on March 27, 2025, its intention to seek shareholder approval for renewing its authority to purchase its own shares at the upcoming 49th Annual General Meeting. This move suggests a potential strategy for share buybacks, which could impact the ownership structure by reducing the number of outstanding shares.

Magnum Berhad is optimistic about FY2025, anticipating an improving gaming sector and strong Malaysian economic fundamentals, despite challenges from illegal operators. The company's commitment to Environmental, Social, and Governance (ESG) practices is reflected in its 3-Star rating in the FTSE4Good Bursa Malaysia Index in 2024. Industry trends, such as increased institutional ownership and possible founder dilution, are relevant considerations for Magnum's long-term ownership structure. For more details, you can read about the [Magnum ice cream brand history timeline](0).

Ownership Changes

Share buybacks may be used to influence the ownership structure. Dividends declared in FY2024 were higher than those in FY2023. The company's financial results have been improving.

Financial Performance

Net profit increased to RM152.81 million in FY2024. Revenue also saw an increase. The first quarter of 2025 showed continued financial growth.

Future Outlook

The company anticipates improvements in the gaming sector. It expects robust Malaysian economic fundamentals. ESG practices are a focus.

Industry Trends

Increased institutional ownership is a trend. Founder dilution is also a relevant consideration. These factors influence long-term ownership.

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