General Announcement

10/12/2010

AMCORP PROPERTIES BERHAD (FORMERLY KNOWN AS AMDB BERHAD) ("AMPROP") - ACQUISITION OF SUBSIDIARY COMPANIES

AMCORP PROPERTIES BERHAD

TypeAnnouncement
SubjectAMCORP PROPERTIES BERHAD (FORMERLY KNOWN AS AMDB BERHAD) ("AMPROP")
- ACQUISITION OF SUBSIDIARY COMPANIES
ContentsThe Board of Directors of AMPROP wishes to announce that AMPROP has acquired the following two (2) wholly-owned subsidiaries for a cash consideration of GBPЈ1.00 for each company:

(1) Country Realty Limited ("Country Realty"); and
(2) Riverich Limited ("Riverich")

Country Realty and Riverich were incorporated in the British Virgin Islands on 5 July 2010 and 18 November 2010 respectively with an issued and paid-up capital of GBPЈ1.00.

The intended principal activity of both the subsidiaries is property investment.

The acquisitions are not expected to have any material effect on the gearing, earnings and net assets per share of AMPROP for the financial year ending 31 March 2011.

The said acquisitions will not have any effect on the issued and paid-up share capital and substantial shareholders shareholding of AMPROP.

None of the Directors and/or major shareholders of AMPROP and/or persons connected to them have any interest, direct or indirect, in the above acquisitions.

This announcement is dated 10 December 2010.

Announcement Info

Company NameAMCORP PROPERTIES BERHAD  
Stock Name AMPROP
Date Announced10 Dec 2010  
CategoryGeneral Announcement
Reference NoAP-101209-39482

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