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BRIEF-Mulpha International Bhd says unit disposed 19.9% equity interest in PBD Developments

Published 20/07/2015, 09:06 pm
© Reuters.  BRIEF-Mulpha International Bhd says unit disposed 19.9% equity interest in PBD Developments
MITC
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July 20 (Reuters) - Mulpha International Bhd MITC.KL :

* Unit on 20 July 2015, disposed of its entire 19.9% equity interest in pbd

developments ltd

* Disposal for consideration of A$19.4 million

* Proceeds arising from the disposal are intended to be utilised for the working capital requirements of mib group

* Msl is expected to realise a gain of A$1.8 million from the disposal

* Disposal not expected to have any material effect on earnings per share of mib for FY ending 31 December 2015

* Source text[http://bit.ly/1fXH5Tg]

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