Monday, 22 July 2013

Mulpha mulls Australia JV project buyout

Mulpha International may purchase a stake of joint-venture partner FKP Property Group in large-development projects in Australia. This could include the Norwest Business Park, a development valued at RM7.32bn and covering 377ha at Baulkham Hills in the northwest sector of Sydney. The project is developed by Norwest Land, also known as Mulpha FKP. 
  • Mulpha’s wholly-owned subsidiary, Mulpha Australia, will be the entity to purchase FKP’s large-development projects. Mulpha is a major shareholder in FKP, holding a 26% stake. (Focus Malaysia)

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