We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mulpha Finance Holdings Pty Ltd (a wholly-owned subsidiary of Mulpha Australia Limited, which in turn is a wholly-owned subsidiary of MIB) has on 29 March 2019, acquired the entire issued and paid-up share capital of the following companies which are incorporated in Australia, for a total consideration of A$3,000,001.00 (equivalent to approximately RM8.66 million)  (“Acquisition”):  

As a result of the Acquisition, Pindari Capital Pty Ltd  and Pindari Capital Asset Management Pty Ltd have become indirect wholly-owned subsidiaries of MIB. 

The Acquisition does not require the approval of the shareholders of MIB and any authorities.  None of the directors or substantial shareholders of MIB or persons connected with them has any interest, direct or indirect in the aforesaid Acquisition.

This announcement is dated 2 April 2019.