TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MULPHA INTERNATIONAL BHD ("MIB") - PROPOSED DISPOSAL OF ENTIRE EQUITY INTEREST BY MULPHA CREDIT SDN BHD (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MIB) IN EDUCATION PERFECT GROUP LIMITED ["PROPOSED DISPOSAL"]
| MULPHA INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | MULPHA INTERNATIONAL BHD ("MIB") - PROPOSED DISPOSAL OF ENTIRE EQUITY INTEREST BY MULPHA CREDIT SDN BHD (AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF MIB) IN EDUCATION PERFECT GROUP LIMITED ["PROPOSED DISPOSAL"] |
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We refer to the following articles published in The Edge and The Star dated 22 June 2021 and 23 June 2021 respectively on the Proposed Disposal:
1. Article in The Edge entitled “Mulpha's unit to sell entire 37.81% stake in New Zealand's Education Perfect for RM1.31b”; and 2. Article in The Star entitled “MCSB to sell stake in EPGL”.
The above articles reported that the Proposed Disposal represents the entire 37.81% stake of Mulpha Credit Sdn Bhd (“MCSB”) in Education Perfect Group Limited (“EPGL”) for NZ$455 million or approximately RM1.31 billion.
We wish to clarify that the consideration of NZ$455 million or approximately RM1.31 billion represents the total gross consideration for the sale of the 100% equity interest in EPGL. The remaining 62.19% equity stake is held by the “Selling Shareholders”, as defined in our announcement dated 22 June 2021.
Based on MCSB’s 37.81% equity interest in EPGL, the consideration sum to be received by MCSB is expected to be NZ$162.85 million or approximately RM470.55 million, as stated in our announcement dated 22 June 2021.
This announcement is dated 23 June 2021. |
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Announcement Info
| Company Name | MULPHA INTERNATIONAL BERHAD |
| Stock Name | MULPHA |
| Date Announced | 23 Jun 2021 |
| Category | General Announcement for PLC |
| Reference Number | GA1-23062021-00040 |
