Mulpha Intl to reap RM207m gains from Melbourne hotel sale (Rdge)

MULPHA INTERNATIONAL BHD []’s units are selling the Hilton Melbourne Airport

Hotel for A$108.88 million (RM327 million) and they are expected to reap about RM207 million in gains from the sale.

The original investment cost was A$40 million (RM120 million) in June 2004 as part of a larger acquisition of a portfolio of PROPERTIES [].