Mulpha Infrastructure Holdings Sdn Bhd agreed to spin-off 15.3% stake in Mudajaya Group Berhad (KLSE:MUDAJYA) on November 16, 2018. Shareholders of Mulpha will receive 1 Mudajaya share for every 3.537 share held in Mulpha on the entitlement date of December 26, 2018. Fractional entitlements to the Mudajaya Shares, if any, will be disregarded. The date payable is January 18, 2019. Mulpha Infrastructure Holdings Sdn. Bhd. completed the Spin-Off of 15.3% stake in Mudajaya Group Berhad (KLSE:MUDAJYA) on January 18, 2019. Shareholders of Mulpha who hold less than 354 Mulpha Shares, have received cash of MYR 0.38 per Mudajaya share.