Date : 13 February 2014

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS MULPHA INTERNATIONAL BHD (“MIB”) - PROPOSED ACQUISITION OF SHARES BY MULPHA INVESTMENTS PTY LIMITED, A SUBSIDIARY OF MIB IN MULPHA FKP PTY LIMITED

MULPHA INTERNATIONAL BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
DescriptionMULPHA INTERNATIONAL BHD (“MIB”)
- PROPOSED ACQUISITION OF SHARES BY MULPHA INVESTMENTS PTY LIMITED, A SUBSIDIARY OF MIB IN MULPHA FKP PTY LIMITED

We wish to announce that Mulpha Investments Pty Limited (“MIPL”), a subsidiary of MIB has on 12 February 2014, entered into a conditional share sale agreement (“SSA”) with Aveo Group Limited (“AVEO”), Mulpha Australia Limited (“MAL”), Mulpha FKP Pty Limited (“MFKP”) and Norwest Real Estate Pty Ltd to acquire the remaining 49.99% of the total issued and paid-up share capital of MFKP, from AVEO for a total purchase consideration of A$55,952,344 (equivalent to approximately RM167.88 million based on the exchange rate of A$1.00:RM3.00 as at 12 February 2014) (“Proposed Acquisition”).  MIPL currently holds 50.01% of the total issued and paid-up share capital of MFKP, which is a jointly controlled entity of MIPL. Upon completion of the Proposed Acquisition, MFKP will be a wholly-owned subsidiary of MIPL.

 

Kindly refer to the attached document for the complete announcement.

 

This announcement is dated 13 February 2014.

 



Announcement Info

Company NameMULPHA INTERNATIONAL BERHAD  
Stock Name MULPHA    
Date Announced13 Feb 2014  
CategoryGeneral Announcement
Reference NoMI-140213-9FE82

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