Mulpha’s indirect unit gets loan facility

KUALA LUMPUR: Mulpha International Bhd’s (MIB) indirect wholly-owned subsidiary, Mulpha Norwest Quarter Development Pty Ltd, has secured a green syndicated construction facility of RM478mil jointly from Australia and New Zealand Banking Group Ltd and Clean Energy Finance Corp.

The green syndicated construction facility would finance the construction of stage one of Norwest Quarter, a mixed-use residential apartment development in Norwest, New South Wales,

Australia, it said in a filing with Bursa Malaysia.Mulpha Norwest Quarter, a company incorporated in Australia with a principal activity of property development, is wholly owned by Mulpha Development Holdings Pty Ltd which in turn is wholly owned by Mulpha Australia Ltd, a unit of MIB. — Bernama

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