"The sale proceeds from the proposed disposal are intended to repay bank borrowings associated with the property, with the remainder to be utilised by Mulpha International group as part of its business activities.
The purpose of the facility is to finance the construction of Stage 1 of Norwest Quarter, a mixed use residential apartment development in Norwest, Australia, said the group in a bourse filing on Tuesday (May 2).
"[Share]holders should be mindful that there may be continuous fluctuations in the market prices of Mulpha shares.
KUALA LUMPUR (Sept 23): Real estate company Mulpha International Bhd received an unconditional voluntary takeover offer notice at RM2.
The improved earnings were partly boosted by a dividend income of RM24.
KUALA LUMPUR (May 27): Diversified group Mulpha International Bhd is acquiring the Capri On Via Roma shopping centre and associated marina, with a combined built up area of 11,863 sq m, in Queensland, Australia for A$65.
KUALA LUMPUR (Feb 16): UEM Sunrise Bhd and Mulpha International Bhd have called off their joint venture (JV) for a RM5 billion gross development value mixed development in Nusajaya, Johor.
KUALA LUMPUR (July 18): Mulpha International Bhd said the High Court has ruled in its favour in a claim related to the proposed sale of its subsidiary Bestari Sepang Sdn Bhd that was subsequently terminated.
KUALA LUMPUR (Nov 30): The whopping RM315.
KUALA LUMPUR (July 18): Mulpha International Bhd shares rose 2.
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