Date : 06 March 2015

OTHERS MULPHA INTERNATIONAL BHD (“MIB”) - Grant of Call Options by MIB over Ordinary Shares of Mulpha Land Berhad (“MLB”)

MULPHA INTERNATIONAL BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionMULPHA INTERNATIONAL BHD (“MIB”)
- Grant of Call Options by MIB over Ordinary Shares of Mulpha Land Berhad (“MLB”)

We refer to our announcement made on 17 May 2012 on the above matter.

 

We wish to announce that MIB has on 6 March 2015, received a Call Option Notice pursuant to Clause 2.2 of the Call Option Agreement entered into between MIB and Teladan Kuasa Sdn Bhd (“TKSB”) on 17 May 2012.  Under the Call Option Notice, TKSB has informed that it wishes to exercise the call option, whereby MIB will sell and transfer 75 million ordinary shares of MLB (adjusted after the bonus issue exercise of MLB) to TKSB at the adjusted option price of RM0.47 per share.

 

Upon completion of the transfer of shares pursuant to the call option, MLB will cease to become a subsidiary of MIB and shall be an associated company of MIB.

 

  

This announcement is dated 6 March 2015.

 

 

Announcement Info

Company NameMULPHA INTERNATIONAL BERHAD  
Stock Name MULPHA    
Date Announced6 Mar 2015  
CategoryGeneral Announcement
Reference NoMI-150306-E0FDF

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