KUALA LUMPUR: Mulpha International Bhd
's (MIB) indirect wholly-owned subsidiary, Mulpha Marymount Pty Ltd has accepted a cash advance facility of A$73.8 million or approximately RM203.83 million from National Australia Bank Ltd.
In a filing with Bursa Malaysia today, it said the purpose of the cash advance facility is to fund Mulpha Marymount’s property development project in Castle Hill, New South Wales, Australia.
Mulpha Marymount is a wholly-owned subsidiary of Mulpha Australia Ltd (MAL), a company incorporated in Australia with a paid-up share capital of A$297.68 million.
"MAL is a wholly-owned subsidiary of MIB, and its principal activity is investment holding," it said. - Bernama
