PETALING JAYA: Mulpha International Bhd
’s unit, View Link Global Ltd, has signed an agreement to dispose of its entire 33% equity interest in New Pegasus Holdings Ltd.
This follows after all shareholders of New Pegasus decided to sell their entire equity stakes or 100% to purchaser MGS Acquisition Ltd.
Mulpha said in a Bursa Malaysia announcement that View Link holds 99 ordinary shares in New Pegasus which is to be sold.
“Pursuant to the terms of the agreement, the net consideration for the disposal of 100% equity interest in New Pegasus amounts to a total of £102.3mil or approximately RM575.9mil, after deducting all incidental costs relating to the proposed disposal,” it said.
View Link is expected to receive net proceeds of £33.8mil or approximately RM190.3mil, based on its 33% equity interest in New Pegasus, it added.
