OTHERS ACQUISITION OF A NEW SUBSIDIARY - General Announcement - Malaysia Data

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1,903,738,752

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General Announcement

08/10/2012

OTHERS ACQUISITION OF A NEW SUBSIDIARY

COMINTEL CORPORATION BHD

Type	Announcement
Subject	OTHERS
Description	ACQUISITION OF A NEW SUBSIDIARY
Pursuant to Chapter 9.19(23) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements, Comintel Corporation Bhd ("Comcorp") wishes to announce that Comcorp had on 8 October 2012, acquired 200,000 shares of USD1.00 each representing 80% of the issued and paid-up share capital of PT. Intelcom Indonesia ("Newco"), a company incorporated in Indonesia under the Law of Republic of Indonesia, for a consideration of USD200,000 only ("Acquisition"). Newco was incorporated on 12 October 2011 and is currently dormant. The authorised share capital of Newco is USD500,000 comprising 500,000 ordinary shares of USD1.00 each of which 250,000 ordinary shares of USD1.00 each have been issued and fully paid. The intended principal activities of Newco are as follows:- Turnkey engineering design and integration, programme management, installation and commissioning Carrying out the business in renewable and green technology products and other energy efficient solutions The Acquisition will not have any material effect on the net assets per share and earnings per share, as well as the gearing of Comcorp Group of companies for the financial year ending 31 January 2013. Noneof the Directors and/or major shareholders of Comcorp or persons connected to them have any interest, direct or indirect, in the Acquisition. This announcement is dated 8 October 2012.

Announcement Info

Company Name	COMINTEL CORPORATION BHD
Stock Name	COMCORP
Date Announced	8 Oct 2012
Category	General Announcement
Reference No	CC-121008-62092

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