Investment Updates News
- Malaysia Mulpha unit to buy Winfame
Date: 12-Nov-2007 Sources: (Shenzhen Daily)
A UNIT of Mulpha International Bhd plans to pay up to 446 million ringgit (US$134 million) to buy a Chinese coal miner, the Malaysian real estate and property firm said in a statement Friday.
Greenfield Chemical Holdings Ltd., a 62.5 percent-owned Hong Kong-listed paintmaker subsidiary of Mulpha, will pay about 111 million ringgit in cash and issue 120 million new shares priced at HK$2.50 each to help pay for the acquisition of Winfame Investments Ltd., Mulpha said. Winfame owns two coal mines in Inner Mongolia.
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