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KUALA LUMPUR (Nov 28): Mulpha International Bhd said it is in discussions to acquire the Novotel Brisbane Hotel but has not inked any legally-binding contract for the purchase.
The announcement was made in response to a local news publication's report that said the group intended to acquire the hotel from CDL Hospitality Trusts for A$85 million (RM275.8 million).
“Mulpha continues to actively pursue hotel acquisitions in the Australian market.
“Mulpha will ensure that an announcement is made in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Bhd, should any binding agreement be reached to acquire assets that are material to the group,” it said.
Mulpha closed down 0.5 sen or 2.44% at 20 sen today, giving it a market capitalisation of RM639.57 million. — theedgemarkets.com
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