MPHB Capital Berhad Reports Earnings Results for the Full Year Ended December 31, 2022

MPHB Capital Berhad is a Malaysia-based company, which is engaged in the investment holding and provision of management services. The principal activities of the Company consist of investment holding; provision of credit and leasing, hire purchase and general loan financing services; operation of hotels, and property management, property holding and property investment. The Company's segments include Credit and Investments. The Credit segment is engaged in the provision of credit and related services. The Investments segment includes ownership of buildings for rental income and hotel operations. The Company operates two hotels, namely, Flamingo by the Beach and Flamingo by the Lake. Hotel Flamingo by the beach is a 280-room, four-star hotel, which is located in Tanjung Bungah, Penang. Hotel Flamingo by the lake is a 230-room, 3-star hotel located, which is located in Ampang, Selangor. Its subsidiaries include Multi-Purpose Capital Holdings Sdn Bhd and West-Jaya Sdn. Bhd.