PETALING JAYA: Mudajaya Group Bhd’s wholly-owned subsidiary Mudajaya Ventures Ltd (MVL) has redeemed the remaining medium-term notes of US$15mil (RM62.71mil) subscribed by Mulpha International Bhd’s indirect wholly-owned subsidiary, Mulpha Strategic Ltd.

       According to the companies’ separate filings with Bursa Malaysia, Mulpha Strategic had on Dec 28, 2016, subscribed for the Series 1 US$60mil (RM250.83mil) 7% notes issued by MVL under its US$200mil (RM836.10mil) euro medium-term note (EMTN) programme.

       “MVL had on Dec 27, 2019 and Oct 22, 2021 partially redeemed the notes by an amount of US$20mil (RM83.61mil) and US$25mil (RM104.51mil), respectively, with the remaining notes of US$15mil (RM62.70mil) maturing on Dec 28, 2021,” Mulpha International said.

       Mulpha

       Mudajaya’s shares closed unchanged at 17.5 sen yesterday, while Mulpha International’s shares shed one sen to close at RM2.43.

       Mudajaya made a net loss of RM10.69mil on a revenue of RM192.21mil for the nine months to September 2021, compared with a net loss of RM11.89mil on a revenue of RM222.87mil in the previous corresponding period.

       Mulpha International made a net profit of RM475.93mil on a revenue of RM626.38mil for the nine months to September 2021, reversing from a net loss of RM73.11mil on a revenue of RM392.22mil in the previous corresponding period.