TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): NON RELATED PARTY TRANSACTIONS Proposed subscription of New Fully Paid Ordinary Stapled Securities of FKP Property Group (“FKP”) under an Accelerated Non-Renounceable Pro-Rate Entitlement Offer undertaken by FKP
| MULPHA INTERNATIONAL BERHAD |
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | Proposed subscription of New Fully Paid Ordinary Stapled Securities of FKP Property Group (“FKP”) under an Accelerated Non-Renounceable Pro-Rate Entitlement Offer undertaken by FKP |
The Board of Directors of MIB wishes to announce that MIB’s 26.22% associate company, FKP Property Group (“FKP”) has today announced an underwritten 6 for 7 accelerated non-renounceable pro-rata entitlement offer (“Entitlement Offer”) of new fully paid ordinary stapled securities (“New Stapled Securities”) to raise approximately A$208 million. MIB intends to subscribe to its full entitlement under the Entitlement Offer, which amounts to 272,439,913 New Stapled Securities at the offer price of A$0.20 each (“Offer Price”) for a total cash consideration of A$54.49 million (equivalent to RM176.22 million based on today’s exchange rate of AUD1.00 to RM3.234) (“Proposed Subscription”). Please refer to the attached file for the full text of the announcement. This announcement is dated 28 August 2012. | |
Announcement Info
| Company Name | MULPHA INTERNATIONAL BERHAD |
| Stock Name | MULPHA |
| Date Announced | 28 Aug 2012 |
| Category | General Announcement |
| Reference No | MI-120828-65957 |
