The asset-rich Malaysian group will receive about RM358.92mil from the transaction.This came about after Aveo was taken private by a Canadian private equity giant, Brookfield.
Mulpha International Bhd
has pared down its stake in one of its key assets – Australia’s retirement village operator, Aveo Group Ltd to 15.5% from the 24.4% it held before.
Mulpha had been Aveo’s single largest shareholder for more than a decade, having invested into it in the early 2000s, when it acquired a portfolio of assets Down Under.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
