U Mobile's Corporate Ownership
U Mobile, Malaysia's third-largest telecommunications company, is expected to file for an IPO soon. However, given the current market volatility, it's uncertain whether the IPO will be postponed again. Regardless, now is an opportune time to examine the company's ownership structure. Due to varying information online, The Malaysianist has provided a useful summary.
Interestingly, despite the common association of U Mobile with Tan Sri Vincent Tan, he is not the largest shareholder. The primary shareholder is Straits Mobile Investments Pte Ltd from Singapore, which is owned by Temasek Holdings. The second-largest shareholder is the current Yang di-Pertuan Agong, Sultan Ibrahim. Tan Sri Vincent Tan follows, holding a 15.4% stake.
Surprisingly, $MAGNUM / 3859 (MAGNUM BERHAD) is also among the major shareholders of U Mobile, along with Tan Sri Paul Koon Poh Keong, the owner of $PMETAL / 8869 (PRESS METAL ALUMINIUM HOLDINGS BERHAD), who holds a 2.4% stake in the company.