OTHERS INVESTMENT IN A NEW SUBSIDIARY, WINVEST GLOBAL SDN. BHD. - General Announcement - Malaysia Data

4,798,267,200

1,903,738,752

497

616

4,274

3,732

280,646

General Announcement

11/11/2014

OTHERS INVESTMENT IN A NEW SUBSIDIARY, WINVEST GLOBAL SDN. BHD.

EXCEL FORCE MSC BERHAD

Type	Announcement
Subject	OTHERS
Description	INVESTMENT IN A NEW SUBSIDIARY, WINVEST GLOBAL SDN. BHD.
1. Introduction Further to the announcement made on 4 July 2014, the Board of Directors of Excel Force MSC Berhad (EForce or the Company) wishes to announce that the Company has subscribed and was allotted 306,000 new ordinary shares of RM1.00 each at par fully paid in the capital of Winvest Global Sdn. Bhd. (Winvest) on 3 November 2014, representing EForces total equity participation of 51% in the total share capital of Winvest of 600,000 ordinary shares of RM1.00 each. Winvest had on today notified the Company on the aforesaid share allotment. The remaining 294,000 ordinary shares of RM1.00 each representing 49% equity are held by Mr. Hoo Wun Sang (NRIC No. 791017-08-5981) and Mr. Tan Chee Pyng (NRIC No. 801030-08-5413) equally. 2. Information on Winvest Winvest was incorporated in Malaysia on 28 June 2013. The existing authorised share capital of Winvest is RM1,000,000.00 comprising 1,000,000 ordinary shares of RM1.00 each and the total issued and paid-up capital is RM600,000.00 comprising 600,000 ordinary shares of RM1.00 each. Winvest is principally engaged in provision of investment education and training services to investors. 3. Rationale for the Investment in Winvest The investment in Winvest provides a synergistic opportunity for EForce to collaborate with Winvest to jointly promote in consultancy and training services and to develop computer software applications which facilitate training services in the capital market industry. 4. Source of Funding The said cash subscription of RM306,000.00 was sourced from internally generated fund. 5. Financial Effect The investment in Winvest will not have any effect on EForces share capital and substantial shareholders shareholdings. The said investment is not expected to have any material financial effect on the earnings per share, net assets per share and gearing of EForce Group for the current financial year ending 31 December 2014. 6. Directors and Major Shareholders Interests None of the Directors and/or major shareholders of EForce and/or persons connected to them have any interest, direct or indirect, in the above transaction. 7. Statement by Directors The Board of Directors of EForce is of the opinion that the said investment is in the best interest of the Company. This announcement is dated 11 November 2014.

Announcement Info

Company Name	EXCEL FORCE MSC BERHAD
Stock Name	EFORCE
Date Announced	11 Nov 2014
Category	General Announcement
Reference No	CC-141111-38255

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