Mulpha unit gets credit facility


Mulpha is a diversified company focusing on real estate and property-related services and financial services.

PETALING JAYA: Loss-making Mulpha International Bhd said its wholly-owned subsidiary Mulpha Australia (Holdings) Pty Ltd has accepted a syndicated credit facility of A$342mil or about RM1.07bil to finance the refurbishment works at its InterContinental Sydney Hotel in Australia.

In a filing with Bursa Malaysia, Mulpha said it received the credit facility from Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

PBOC may up bond trading
Rafizi: Govt to share details on subsidy rationalisation mechanism
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms
Stocks hit by tech slide; yen flails at intervention zone
Toyota hits record annual output, sales on robust demand
Solarvest delivers 8.9MWP solar project to NTPM
Investors take profit amid regional weakness
Malaysia's CPI rises 1.8% in March
DNB announces new board members comprising representatives from all five MNOs
Axiata, Sinar Mas move closer to US$3.5bil telco merger

Others Also Read