Multifield Subsidiary Funds Joint Venture Development

Multifield International Holdings Limited (HK:0898) has released an update.

Multifield International Holdings Limited’s subsidiary, Highcode, has entered into an agreement to provide up to RM78.4 million in financing to a joint venture company for property development. This financial assistance is significant as it surpasses the 5% threshold, classifying it as a discloseable transaction under the Listing Rules. The funds will support the acquisition and development of land for residential projects, with capital contributions based on shareholder proportions.

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