KUALA LUMPUR (Jan 12): Mulpha Australia Ltd’s wholly-owned subsidiary Mulpha Australia (Holdings) Pty Ltd (MAH) has accepted a syndicated credit facility of A$342 million (about RM1.07 billion) from Oversea-Chinese Banking Corporation Ltd and United Overseas Bank Ltd in Australia.  

Mulpha Australia is a wholly-owned subsidiary of Mulpha International Bhd.

“The purpose of the syndicated credit facility is to finance the refurbishment works at InterContinental Sydney Hotel and to refinance the existing borrowings,” Mulpha said in a filing with Bursa Malaysia today.

MAH, a company incorporated in Australia, has a paid-up share capital is A$100 comprising 100 ordinary shares of A$1 each. Its principal activity is investment holding.