Date : 18 February 2014

OTHERS MULPHA INTERNATIONAL BHD (“MIB”) - PROPOSED ACQUISITION OF SHARES BY MULPHA INVESTMENTS PTY LIMITED, A SUBSIDIARY OF MIB IN MULPHA FKP PTY LIMITED ("PROPOSED ACQUISITION")

MULPHA INTERNATIONAL BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionMULPHA INTERNATIONAL BHD (“MIB”)
- PROPOSED ACQUISITION OF SHARES BY MULPHA INVESTMENTS PTY LIMITED, A SUBSIDIARY OF MIB IN MULPHA FKP PTY LIMITED ("PROPOSED ACQUISITION")

Further to our announcement dated 13 February 2014 in relation to the Proposed Acquisition, we wish to furnish the following additional information:-

1.  The net assets and net profits of Mulpha FKP Pty Limited based on its latest audited financial statements for the financial year ended 31 December 2012 are as follows:-

      a)  Net assets - A$113,826,000 (equivalent to approximately RM341.478 million); and
      b)  Net profits - A$5,268,000 (equivalent to approximately RM15.804 million),

      based on the exchange rate of A$1.00:RM3.00 as at 12 February 2014.   

2.  The Proposed Acquisition will be financed through internally generated funds and/or borrowing. The breakdown of the funding has not been determined at this juncture.

This announcement is dated 18 February 2014.

 

 

 

 

 

Announcement Info

Company NameMULPHA INTERNATIONAL BERHAD  
Stock Name MULPHA    
Date Announced18 Feb 2014  
CategoryGeneral Announcement
Reference NoMI-140218-F341D

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