We refer to our announcement dated 22 June 2021 in relation to the proposed disposal of the entire equity interest of 37.81% by Mulpha Credit Sdn Bhd (an indirect wholly-owned subsidiary of MIB) in Education Perfect Group Limited (“Proposed Disposal”). 

We wish to announce that the approval for the Proposed Disposal has been obtained from the Overseas Investment Office in New Zealand (“OIO”) on 14 September 2021.  Pursuant to the terms of the Share Sale Agreement dated 22 June 2021, the completion and settlement of the Proposed Disposal will take place on 30 September 2021, being the last business day of the month in which the approval of OIO is received (“Completion Date”).  On the Completion Date, Education Perfect Group Limited shall cease to be an associated company of Mulpha Credit Sdn Bhd.

This announcement is dated 15 September 2021.