General Announcement for PLC
04/11/2020OTHERS Incorporation of a new wholly-owned foreign subsidiary
CABNET HOLDINGS BERHAD |
Type | Announcement |
Subject | OTHERS |
Description | Incorporation of a new wholly-owned foreign subsidiary |
The Board of Directors of Cabnet Holdings Berhad (“CHB" or the "Company") wishes to announce that the Company had on 4 November 2020, incorporated a new wholly-owned foreign subsidiary in Singapore under the name of Cabnet Globe Pte Ltd ("CGP").
CGP has an issued share capital of SGD1-00 comprised of 1 ordinary shares and its intended principal activity is to provide electrical works.
The incorporation of GCP will not have any effect on the earnings per share, net assets per share and gearing of CHB and its subsidiaries (the "Group") for the financial year ending 31 December 2020. The incorporation of CGP also does not have any effect on the share capital and substantial shareholders’ shareholdings in the Group.
None of the Directors and / or major shareholders and / or persons connected with them have any interest, direct or indirect in the incorporation of CGP.
This announcement is dated 4 November 2020. |
Announcement Info
Company Name | CABNET HOLDINGS BERHAD |
Stock Name | CABNET |
Date Announced | 04 Nov 2020 |
Category | General Announcement for PLC |
Reference Number | GA1-28082020-00038 |