PETALING JAYA: MUI Properties Bhd
(MUIP) is investing £1mil (RM5.75mil) in one million cumulative redeemable non-convertible preference shares (CRNCPS) of London Vista Hotel Ltd (LVHL), a United Kingdom-based subsidiary of Malayan United Industries Bhd (MUIB).
In a filing with Bursa Malaysia, MUIP revealed that the preference shares offered a 6% annual dividend over a two-year term, with full capital and unpaid dividends to be returned at maturity or earlier, especially if LVHL liquidates key hotel assets.
