Mulpha's indirect unit secures approximately RM478mil loan facility

TheStar Tue, May 02, 2023 07:40pm - 1 year View Original


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 about RM478 million jointly from Australia and New Zealand Banking Group Ltd and Clean Energy Finance Corp.

The purpose of the green syndicated construction facility was to finance the construction of stage one of Norwest Quarter, a mixed-use residential apartment development located in Norwest, New South Wales, Australia, it said in a filing with Bursa Malaysia today.

Mulpha Norwest Quarter, a company incorporated in Australia with a principal activity of property development, is wholly owned by Mulpha Development Holdings Pty Ltd which in turn is wholly owned by Mulpha Australia Ltd, a unit of MIB. - Bernama

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