LATEST NEWS   Malaysia's total trade in May up 29.8 pct y-o-y to RM327.6 bln, stronger exports growth - DOSM | Malaysia’s inflation up 2.0 pct in May 2026 -- DOSM | Malaysia’s exports grew 45.3 pct to RM184.0 billion in May 2026, while imports increased 14.1 pct to RM143.6 billion - DOSM | Trade surplus increased to RM40.4 billion in May 2026, marking the 73th consecutive month of surplus since May 2020 - DOSM | DBKL allocates RM200 million under the Sustainable Business Programme to redevelop 287 hawker stall locations in the capital - Hannah | 
BUSINESS • 03/02/2025 09:06 PM

Mulpha International To Dispose Of Shopping Mall, Marina In Australia For RM233.42 Mln

KUALA LUMPUR, Feb 3 (Bernama) -- Mulpha International Bhd (MIB) has entered into a contract for the disposal of a shopping centre, Capri on Via Roma, and associated marina located in Queensland, Australia for A$85.5 million (RM233.42 million).

The sale was conducted through Mulpha Capri Retail Pty Ltd to Capri Holding GC Pty Ltd. 

"The proposed disposal will enable MIB group to recycle its invested capital, strengthening the group’s cash flow," MIB said in a filing with Bursa Malaysia today. 

It added that the sale proceeds from the proposed disposal were intended to repay bank borrowings associated with the property, with the remainder to be utilised by MIB Group as part of its business activities.

MIB said the disposal is expected to be completed in the second quarter of 2025. 

-- BERNAMA

More News

Categories

Tags