Key Developments: Mulpha International Bhd (MITC.KL)

MITC.KL on Kuala Lumpur Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Mulpha International Bhd announces proposed disposal of lands
Wednesday, 25 Jun 2014 08:00pm EDT 

Mulpha International Bhd:Says proposed disposal of land by subsidiaries Mulpha Norwest Pty Ltd and Mulpha Sanctuary Cove (developments) Pty Ltd.Disposal to to Aveo Southern Gateway Pty Ltd (as trustee of aveo southern gateway trust) and Aveo Sanctuary Cove Pty Ltd (as trustee of Aveo Sanctuary Cove Trust).Market value of larger development land parcel (which includes the Gateway Land) based on valuation carried out by CBRE Valuations Pty Litd on April 28, 2014 was A$40,175,000.Total sale proceeds of Gateway Land and SC Land are being used for investment purposes.  Full Article

Mulpha International Bhd's subsidiary secures loan facility
Thursday, 19 Jun 2014 08:00pm EDT 

Mulpha International Bhd:Rosetec Investments Limited, a wholly-owned subsidiary of MIB, has secured loan facility of A$50 mln from Deutsche Bank AG, Australia for purpose of repayment of existing loans, funding of development costs and general working capital.  Full Article

Mulpha International Bhd enters into three separate conditional contracts of sale of land
Tuesday, 20 May 2014 08:00pm EDT 

Mulpha International Bhd:Mulpha Norwest Pty Limited and Mulpha Sanctuary Cove (Developments) Pty Limited, subsidiaries of Mulpha Australia Limited, which in turn is a wholly-owned subsidiary of MIB, enters into three separate conditional contracts of sale of land for the disposal of lands.Sale to Aveo Southern Gateway Pty Limited (as trustee of Aveo Southern Gateway Trust) and Aveo Sanctuary Cove Pty Limited (as trustee of Aveo Sanctuary Cove Trust) respectively for a total consideration of A$53.6 mln.  Full Article

Mulpha International Bhd announces proposed disposal of AF Investments Limited and Indochine Park Tower Joint Venture Company
Sunday, 18 May 2014 08:00pm EDT 

Mulpha International Bhd:Says n 16 May, entered into a Share Purchase Agreement with Lemongrass Master Fund I (Purchaser) and AF Investments Limited (AFIL) for the proposed disposal by MIB, of its entire 100 pct equity interest in AFIL to the Purchaser for a total consideration of $10 mln.AFIL holds 70 pct equity interest in Indochine Park Tower Joint Venture Company (IPT).As a result of the Proposed Disposal, AFIL and IPT will cease to be subsidiaries of MIB.  Full Article

Mulpha International Bhd announces voluntary deregistration of HDFI Nominees Pty Ltd, subsidiary of MIB
Sunday, 11 May 2014 08:00pm EDT 

Mulpha International Bhd:HDFI Nominees Pty Ltd subsidiary of Mulpha Australia Ltd, in turn wholly-owned subsidiary of MIB applied to Australian Securities & Investments Commission for voluntary deregistration pursuant to sub-section 601AA(2) of Corporations Act 2001.MIB has been notified that HDFI was deregistered on May 7.  Full Article

Mulpha International Bhd does not recommend dividend
Monday, 28 Apr 2014 08:00pm EDT 

Mulpha International Bhd:No dividend was paid since end of previous financial year and directors do not recommend payment of any dividend for financial year ended Dec. 31, 2013.  Full Article

Mulpha International Bhd announces voluntary deregistration of indirect subsidiaries
Monday, 21 Apr 2014 08:00pm EDT 

Mulpha International Bhd:Mulpha (SPV 1) Pty Limited, Mulpha Aviation Australia Pty Limited and Mulpha Hotel (Melbourne) Pty Limited dormant wholly-owned subsidiaries of Mulpha Australia Limited, which in turn is wholly-owned subsidiary of MIB.Says had on Jan. 31 applied to Australian Securities & Investments Commission for voluntary deregistration.Subsidiaries were deregistered on April 11.Subsidiaries ceased to be indirect wholly-owned subsidiaries of MIB.  Full Article

Mulpha International Bhd announces cessation of Hotel Melbourne Trust, subsidiary
Tuesday, 18 Mar 2014 08:00pm EDT 

Mulpha International Bhd:Mulpha Hotel Melbourne Trust, subsidiary of Mulpha Australia Ltd (which in turn is a wholly-owned subsidiary of MIB) has terminated on Jan. 31.  Full Article

Mulpha International Bhd subsidiary disposes of Mulpha Properties (M) Sdn Bhd to Mulpha Land Bhd
Thursday, 12 Dec 2013 04:15am EST 

Mulpha International Bhd:Says a wholly owned subsidiary, Mulpha Group Services Sdn Bhd (MGS) disposes 3,196,588 ordinary shares of one Ringgit each, representing 100 pct of the total issued and paid-up share capital of Mulpha Properties (M) Sdn Bhd (MPM) to Mulpha Land Bhd (MLB).For a total cash consideration of 47,072,424 Ringgits.As a result of the disposal, MPM has ceased to be a wholly-owned subsidiary of MGS.  Full Article

Mulpha International Bhd's subsidiary announces sale of Eco Green Services Sdn Bhd
Tuesday, 3 Dec 2013 05:30am EST 

Mulpha International Bhd:Says Leisure Farm Corporation Sdn Bhd (LFC) on Dec. 2, 2013, it has disposed of two ordinary shares of Ringgit 1 each, representing 100 percent of the total issued and paid-up share capital of Eco Green Services Sdn Bhd to Mulpha Land Berhad.Says a total consideration for disposal is of Ringgit 20,000.Says LFC is a wholly owned subsidiary of the company.  Full Article

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