Mudajaya Ventures fully redeems RM251mil notes


According to the companies’ separate filings with Bursa Malaysia, Mulpha Strategic had on Dec 28, 2016, subscribed for the Series 1 US$60mil (RM250.83mil) 7% notes issued by MVL under its US$200mil (RM836.10mil) euro medium-term note (EMTN) programme.

PETALING JAYA: Mudajaya Group Bhd’s wholly-owned subsidiary Mudajaya Ventures Ltd (MVL) has redeemed the remaining medium-term notes of US$15mil (RM62.71mil) subscribed by Mulpha International Bhd’s indirect wholly-owned subsidiary, Mulpha Strategic Ltd.

According to the companies’ separate filings with Bursa Malaysia, Mulpha Strategic had on Dec 28, 2016, subscribed for the Series 1 US$60mil (RM250.83mil) 7% notes issued by MVL under its US$200mil (RM836.10mil) euro medium-term note (EMTN) programme.

“MVL had on Dec 27, 2019 and Oct 22, 2021 partially redeemed the notes by an amount of US$20mil (RM83.61mil) and US$25mil (RM104.51mil), respectively, with the remaining notes of US$15mil (RM62.70mil) maturing on Dec 28, 2021,” Mulpha International said.

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Mudajaya’s shares closed unchanged at 17.5 sen yesterday, while Mulpha International’s shares shed one sen to close at RM2.43.

Mudajaya made a net loss of RM10.69mil on a revenue of RM192.21mil for the nine months to September 2021, compared with a net loss of RM11.89mil on a revenue of RM222.87mil in the previous corresponding period.

Mulpha International made a net profit of RM475.93mil on a revenue of RM626.38mil for the nine months to September 2021, reversing from a net loss of RM73.11mil on a revenue of RM392.22mil in the previous corresponding period.

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