KUALA LUMPUR: Mudajaya Group Bhd
’s indirect wholly owned subsidiary, Xelmont Ltd, is disposing of its 45% equity interest in Real Jade Ltd to Minyi Holdings Ltd (MHL) for HK$234mil (RM118.45mil).
In a filing with Bursa Malaysia, Mudajaya said the disposal consideration will be used to offset debt owed to MHL, which stood at HK$244.97mil as at April 30, 2026.
The Malaysian construction and engineering firm said the remaining balance of HK$10.97mil, together with the related interest, will be settled in cash.
Mudajaya said the proposed disposal presents an opportunity for the group to unlock and monetise part of its investment in Real Jade while retaining a controlling stake in Real Jade, thereby allowing the group to continue participating in any future growth and operational improvements of Real Jade.
