Date : 14 February 2020

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MULPHA INTERNATIONAL BHD ("MIB") - I. JOINT VENTURE ("JV") CUM SHAREHOLDERS' AGREEMENT BETWEEN LEISURE FARM CORPORATION SDN BHD ("LFC"), A WHOLLY-OWNED SUBSIDIARY OF MIB, UEM LAND BERHAD ("UEML"), A WHOLLY-OWNED SUBSIDIARY OF UEM SUNRISE BERHAD ("UEMS") AND GERBANG LEISURE PARK SDN BHD ("GLPSB"), THE 50:50 JV COMPANY JOINTLY OWNED BY LFC AND UEML; AND II. MASTER AGREEMENT BETWEEN LFC, GLPSB, NUSAJAYA SEAVIEW SDN BHD AND NUSAJAYA RISE SDN BHD (BOTH ARE INDIRECT WHOLLY-OWNED SUBSIDIARIES OF UEMS)

MULPHA INTERNATIONAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
MULPHA INTERNATIONAL BHD ("MIB") - I. JOINT VENTURE ("JV") CUM SHAREHOLDERS' AGREEMENT BETWEEN LEISURE FARM CORPORATION SDN BHD ("LFC"), A WHOLLY-OWNED SUBSIDIARY OF MIB, UEM LAND BERHAD ("UEML"), A WHOLLY-OWNED SUBSIDIARY OF UEM SUNRISE BERHAD ("UEMS") AND GERBANG LEISURE PARK SDN BHD ("GLPSB"), THE 50:50 JV COMPANY JOINTLY OWNED BY LFC AND UEML; AND  II. MASTER AGREEMENT BETWEEN LFC, GLPSB, NUSAJAYA SEAVIEW SDN BHD AND NUSAJAYA RISE SDN BHD (BOTH ARE INDIRECT WHOLLY-OWNED SUBSIDIARIES OF UEMS)

We refer to our announcements dated 17 February 2016, 22 February 2016, 26 May 2016, 15 February 2018 and 15 February 2019 in relation to the above.  Unless otherwise stated, the definitions used herein shall have the same meanings as set out in this announcement.

 

We wish to announce that due to current market conditions, the period to fulfil the conditions precedent for the Proposed JV has been extended from 16 February 2020 to 15 February 2021 as mutually agreed between the parties.

 

 

This announcement is dated 14 February 2020.






Announcement Info

Company Name MULPHA INTERNATIONAL BERHAD
Stock Name MULPHA
Date Announced 14 Feb 2020
Category General Announcement for PLC
Reference Number GA1-07022020-00012


Back

Disclaimer: Inaccuracies may sometimes arise in the provision of the information shown. IRChartNexus Sdn. Bhd., its subsidiaries or partners accept no liability from any loss that may arise from the use of the information.