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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. 

Company Quote

3 Jul 2015