Main Board-listed maker and trader of mosaic and ceramic tiles, Malaysian Mosaics (MMosaics), may soon be taken private, according to sources. While details are still not available, it is worth noting that the stock is currently trading at about half its NTA.

?Privatisation makes sense; the stock is already tightly held,? a source said. At yesterday?s closing price, it would cost major shareholder, Gek Poh (Holdings) Sdn Bhd, about RM30m to buy the remaining 27% stake it does not already own. Gek Poh is a private entity controlled by Datuk Seri Panglima Lau Cho Kun. (Financial Daily)