Date : 26 May 2016

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS MULPHA INTERNATIONAL BHD ("MIB") I. JOINT VENTURE CUM SHAREHOLDERS AGREEMENT ("JVA") BETWEEN LEISURE FARM CORPORATION SDN BHD ("LFC"), A WHOLLY-OWNED SUBSIDIARY OF MIB, UEM LAND BERHAD ("UEML"), A WHOLLY-OWNED SUBSIDIARY OF UEM SUNRISE BERHAD ("UEMS") AND JV AXIS SDN BHD ("JVASB"), A WHOLLY-OWNED SUBSIDIARY OF LFC; AND II. MASTER AGREEMENT BETWEEN LFC, JVASB, NUSAJAYA SEAVIEW SDN BHD AND NUSAJAYA RISE SDN BHD (BOTH ARE INDIRECT WHOLLY-OWNED SUBSIDIARIES OF UEMS)

MULPHA INTERNATIONAL BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description 
MULPHA INTERNATIONAL BHD ("MIB")

I.  JOINT VENTURE CUM SHAREHOLDERS AGREEMENT ("JVA") BETWEEN LEISURE FARM CORPORATION SDN BHD ("LFC"), A WHOLLY-OWNED SUBSIDIARY OF MIB, UEM LAND BERHAD ("UEML"), A WHOLLY-OWNED SUBSIDIARY OF UEM SUNRISE BERHAD ("UEMS") AND JV AXIS SDN BHD ("JVASB"), A WHOLLY-OWNED SUBSIDIARY OF LFC; AND 

II.  MASTER AGREEMENT BETWEEN LFC, JVASB, NUSAJAYA SEAVIEW SDN BHD AND NUSAJAYA RISE SDN BHD (BOTH ARE INDIRECT WHOLLY-OWNED SUBSIDIARIES OF UEMS)

Reference is made to our announcements dated 17 February 2016 and 22 February 2016 in relation to the above.

We wish to announce that JVASB has on 26 May 2016, issued and allotted 499,998 ordinary shares of RM1.00 each to its shareholders namely LFC and UEML at an issue price of RM1.00 per share, in accordance with the JVA dated 16 February 2016. Consequently, JVASB has ceased to be a wholly-owned subsidiary of LFC and has become a 50% owned joint venture company of LFC on even date.

 

Upon the issue and allotment of 499,998 ordinary shares to LFC and UEML, the total issued and paid-up share capital of JVASB now stands at RM500,000 comprising 500,000 ordinary shares of RM1.00 each, with the details set out in the Table below:-

Name of Shareholders Number of Ordinary Shares of RM1.00 each Total Issue Price (RM) Percentage of Shareholding
LFC 250,000  250,000 50%
UEML 250,000 250,000 50%
Total: 500,000 500,000 100%

This announcement is dated 26 May 2016.



Announcement Info

Company Name MULPHA INTERNATIONAL BERHAD
Stock Name MULPHA
Date Announced 26 May 2016
Category General Announcement for PLC
Reference Number GA1-26052016-00083


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