Property stocks, which rallied over past few months, were among the hardest hit counters on Bursa Malaysia in the recent global equity rout as investors rushed to take profits as market sentiment was shaken by external headwinds.

Known for introducing unique luxury lifestyle assets, Mulpha International Bhd has offered value-added products and services for more than 25 years. It is particularly known for its integrated resort residential development Sanctuary Cove in Queensland, smart city Norwest in Sydney and the Leisure Farm township in Iskandar Malaysia.

KUALA LUMPUR: Here is a recap of the leading headlines from Corporate Malaysi

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

Mulpha International Bhd (KL:MULPHA) on Monday said its indirect wholly-owned Australian subsidiary Mulpha Norwest Pty Ltd had accepted a cash advance facility of A$100 million (equivalent to approximately RM313.07 million) from National Australia Bank Ltd to refinance borrowings and for working capital.

Mulpha International Bhd has kept a low profile after divesting its stake in Mulpha Land Bhd (now known as Thriven Global Bhd) in 2015. It subsequently slimmed down its property portfolio in Malaysia, keeping only the Leisure Farm township in Johor. It still holds a 22.18% stake in Thriven Global...

Since trimming its portfolio in Malaysia and shifting its focus to Australia a few years ago, Mulpha International Bhd now plans to ramp up activities in its Leisure Farm township in Johor. This is in tandem with the announcement of the Special Economic Zone, Special Financial Zone, the proposed Light Rail Transit (LRT) project and the possible revival of the Singapore-Malaysia high-speed rail, says general manager Marc Lee. Chief executive officer Greg Shaw also shares that Mulpha International has ventured into hospitality technology to strengthen its hotel operations as well.

PETALING JAYA: Mulpha International Bhd’s net profit for the third quarter of the financial period ended Sept 30, 2023 (3Q23) rose to RM95.64mil from RM20.43mil in 3Q22 as revenue increased to RM417.42mil in the period from RM213.01mil in 3Q22.

营收大幅改善及一笔9722万令吉的股息收入，带动马化国际（MULPHA,3905,主板消费产品服务组）截至2023年9月30日第三季净利暴涨368.13％，至9563万5000令吉。

KUALA LUMPUR: Mulpha International Bhd’s net profit for the third quarter of the financial period ended Sept 30, 2023 (3Q) rose to RM95.64 million from RM20.43 million last year.

Notable filings For the week of Oct 30 to Nov 3, notable shareholding changes at Bursa Malaysia-listed companies included those at FSBM Holdings Bhd, where Yeo Ann Seck ceased to be a substantial shareholder. According to filings with Bursa Malaysi...

KUALA LUMPUR: Mulpha International Bhd, Globetronics Technology Bhd, Zelan Bhd, Axiata Group Bhd, Cosmos Technology International Bhd and Brem Holdings Bhd are among the stocks to watch, according to Apex Securities.

KUALA LUMPUR: Mulpha International Bhd’s (MIB) indirect wholly-owned subsidiary, Mulpha Norwest Quarter Development Pty Ltd, has secured a green syndicated construction facility of RM478mil jointly from Australia and New Zealand Banking Group Ltd and Clean Energy Finance Corp.

KUALA LUMPUR (May 2): Here is a brief recap of some corporate announcements that made the news on Tuesday (May 2) involving Axiata Group Bhd, Mulpha International Bhd, Globetronics Technology Bhd, Nestlé (Malaysia) Bhd, Pasdec Holdings Bhd, CIMB Group Holdings Bhd and ...

PETALING JAYA: Zhejiang Geely Holding Group Co Ltd’s (Geely) wholly-owned subsidiary, Geely International (Hong Kong) Ltd (GIHK) has completed the transfer of its entire equity interest in Proton Holdings Bhd. In a filing with Bursa Malaysia, DRB-HICOM said the transfer comprised 547.2 million ordinary shares, representing 49.9% equity interest in Proton to its affiliate, Linkstate Overseas Ltd, pursuant to the completion of an internal restructuring in Geely group. “The transfer of Proton shares from GIHK to Linkstate will not have any effect on the net assets, earnings, gearing, share capital, shareholding structure and substantial shareholders’ shareholdings of the DRB-HICOM group for the financial year ending Dec 31, 2023.

KUALA LUMPUR (May 2): Mulpha International Bhd has secured a A$160 million (RM478 million) green syndicated construction facility in Australia.  The purpose of the facility is to finance the construction of Stage 1 of Norwest Quarter, a mixed use residential apartment development ...

PETALING JAYA: The Securities Commission (SC) considered a total of 77 applications relating to takeovers, mergers and compulsory acquisitions in 2022 versus 79 in 2021.

KUALA LUMPUR: The Securities Commission (SC) cleared 18 offer documents involving a total offer value of RM2.1 billion in 2022, markedly down by RM6.49 billion from the previous year's RM8.59 billion.The SC considered a total of 77 applications for take-over and mergers ...

KUALA LUMPUR (March 27): The Securities Commission Malaysia (SC) has considered a total of 77 applications for take-over and mergers, of which the regulator declined two applications in 2022, according to the SC Annual Report 2022.Take-overs and mergers are regulated under the Capital ...

KUALA LUMPUR: The Securities Commission (SC) has considered a total of 77 applications relating to takeovers, mergers and compulsory acquisitions in 2022 versus 79 in 2021.