Date : 28 December 2016

OTHERS MULPHA INTERNATIONAL BHD ("MIB") - Acceptance of Margin Loan Facility of up to HK$375 million granted by Sun Hung Kai Investment Services Limited, Hong Kong

MULPHA INTERNATIONAL BERHAD

Type Announcement
Subject OTHERS
Description
MULPHA INTERNATIONAL BHD ("MIB")
- Acceptance of Margin Loan Facility of up to HK$375 million granted by Sun Hung Kai Investment Services Limited, Hong Kong

Pursuant to Part C of Chapter 9, Paragraph 9.04 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, we wish to announce that Mulpha Strategic Limited (“MSL”), a wholly-owned subsidiary of Mulpha Group Services Sdn Bhd, which in turn is a wholly-owned subsidiary of MIB, has accepted a margin loan facility of up to HK$375 million (equivalent to approximately RM216.3 million based on today’s exchange rate of HK$1.00 to RM0.5767) from Sun Hung Kai Investment Services Limited, Hong Kong. The purpose of the margin loan facility is to partially fund MSL’s subscription of the Series 1 US$60 million 7% Notes due 2019 issued by Mudajaya Ventures Limited under its US$200 million Euro Medium Term Note Programme. 

MSL is a company incorporated in the British Virgin Islands and its paid-up share capital is US$1.00 comprising 1 ordinary share of US$1.00 each. The principal activities of MSL are investment holding and funds management.

 

This announcement is dated 28 December 2016.






Announcement Info

Company Name MULPHA INTERNATIONAL BERHAD
Stock Name MULPHA
Date Announced 28 Dec 2016
Category General Announcement for PLC
Reference Number GA1-28122016-00071


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