KUALA LUMPUR: Mulpha International Bhd
’s wholly owned indirect subsidiary, Mulpha Strategic Ltd (MSL), has invested US$20mil in senior unsecured fixed-rate notes issued under Hong Kong-based Sun Hung Kai & Co Ltd’s (SHK) US$3bil medium-term note programme.
The notes were issued under Sun Hung Kai & Co’s US$3bil guaranteed medium-term note programme.
MSL, incorporated in the British Virgin Islands, is a wholly owned subsidiary of Mulpha Group Services Sdn Bhd, which in turn is a wholly owned subsidiary of Mulpha.
In a filing with Bursa Malaysia, Mulpha said the investment formed part of the group’s treasury and liquidity management strategy, and is included in MSL’s bond portfolio to optimise returns on the group’s cash holdings.
“The subscription is aligned with the group’s approach to managing its funds efficiently,” it said.
