Magnum Berhad (original) (raw)
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Malaysian gambling company
Magnum Berhad
| Formerly | Multi-Purpose Holdings Berhad |
|---|---|
| Company type | Privately held company |
| Traded as | MYX: 3859 |
| ISIN | MYL3859OO005 |
| Industry | Gambling |
| Founded | 18 August 1975; 49 years ago (1975-08-18) |
| Founder | Datuk Nallakaruppan Solaimalai |
| Headquarters | 35th Floor, Menara Multi-Purpose, Capital Square, No. 8, Jalan Munshi Abdullah, 50100 Kuala Lumpur, Malaysia |
| Key people | Surin Upatkoon(Chairman) |
| Website | www.magnum.com.my |
Magnum Berhad is a company in Malaysia known principally for commercial gambling.
Formerly known as Magnum Corporation and Magnum Corporation Berhad, the company was incorporated in December 1968. Magnum was the first private company in Malaysia to be granted a license to promote, operate and manage 10-digit numbers forecast betting. Magnum was converted to a public company in 1970 and was subsequently listed on the Kuala Lumpur Stock Exchange ("KLSE") in the same year. However, it was de-listed on 2 July 2008 following the completion of a privatization exercise. Magnum then reverted to being a private limited company and changed its name to the current one.[1] Magnum was 51% owned by Multi-Purpose Holdings Berhad (MYX: 3859) through Magnum Holdings Sendirian Berhad and the remaining 49% is held by CVC Asia Pacific Limited.[2] In June 2013, following a demerger exercise, Multi-Purpose Holdings Berhad sold off its non-gaming business to Multi-purpose Capital Berhad, and was renamed Magnum Berhad.[3]
Today Magnum is principally engaged in the licensed gaming business in the Malaysian market.
In September 2009, Magnum launched an extension of the successful 4Digit Classic game, which introduced a Parimutuel element into the game. The game was copyrighted by Magnum in 2013.[_citation needed_]