Printer Friendly

MALAYSIAN GIANT NOW TRADES IN USA; BANK OF NEW YORK-SPONSORED ADR OPENS SOUTHEAST ASIA TO U.S. INVESTORS

 WINTER PARK, Fla., Oct. 4 /PRNewswire/ -- MBf Holdings Berhad (OTC Bulletin Board: MBFHY), a multi-national company headquartered in Malaysia, announced that the company's American Depositary Receipts (ADR) began trading in the United States on Sept. 28, 1993, on the OTC electronic bulletin board.
 One of the hottest growth stocks on the Kuala Lumpur stock exchange, MBf Holdings is also one of Malaysia's most prominent corporations. With diversified holdings in key Asian markets, MBf Holdings embodies the rapid potential that has attracted investors to Southeast Asia. MBf Holdings is engaged in real estate development, construction, manufacturing, advertising, printing, information technology, motor vehicle distribution, education, fast food, travel services, health products, and financial services including leasing, brokerage, credit cards, and insurance.
 In addition to Malaysia, MBf Holdings has operations in China, Hong Kong, Indonesia, Vietnam, Fiji, Papua New Guinea, Australia, and the United States.
 Subsidiaries of MBf Holdings are involved in a plethora of worldwide operations. For example, MBf Indochina has signed a Memorandum of Understanding with the Ministry of Energy in Hanoi, Vietnam for MBf to lead an international consortium to "build, operate and transfer" a new coal-fired power plant in the north of Vietnam. In the United States, 35 percent-owned MBf USA (NASDAQ: MBFA) markets latex medical examination gloves produced in Malaysia by manufacturing plants that fall under the MBf Holdings umbrella.
 Each American Depositary Receipt will represent 20 shares of common stock on deposit with the Bank of New York. CUSIP No. is 552980104. ADRs offer U.S investors the opportunity to purchase shares of foreign corporations without opening an account in the country of origin. Many of the world's largest and most famous international corporations have ADRs that trade in the United States.
 High Praise from Market Analysts
 Recently, Robert W. Czeschin, director of Research for the investment newsletter Taipan, called MBf Holdings, "The most remarkable Malaysian conglomerate I've ever come across." And in the investment newsletter that bears his name, famed Wall Street analyst and investment guru Adrian Day proclaimed, "I found a company (MBf Holdings) that reflects the region (Southeast Asia) in which it operates: dynamic, entrepreneurial and fast-growing, with vast potential ahead of it. This is a stock that may form the foundation of your children's and grandchildren's fortunes."
 -0- 10/4/93
 /CONTACT: Frank Marra of Corporate Relations Group, 407-628-5700, for MBf Holdings Berhad/
 (MBFHY MBFA)


CO: MBf Holdings Berhad ST: IN: SU:

AW-JB -- FL003 -- 8213 10/04/93 09:35 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 4, 1993
Words:408
Previous Article:HOGG ROBINSON OF MICHIGAN, INC. EXPANDS TO GRAND RAPIDS
Next Article:RIBOZYME PHARMACEUTICALS AND DOWELANCO ENTER INTO AN AGRICULTURAL RESEARCH AND DEVELOPMENT COLLABORATION

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters