General Announcement

06/10/2003

ACQUISITION OF A NEW SUBSIDIARY

ENGTEX GROUP BERHAD

Type

Announcement
SubjectACQUISITION OF A NEW SUBSIDIARY

Contents :

Introduction


The Board of Directors of Engtex Group Berhad (Engtex) wishes to announce that it has on 6 October 2003 acquired One Hundred Thousand (100,000) ordinary shares of RM1.00 each, representing the entire issued and paid-up share capital of Engtex Distribution Centre Sdn Bhd (EDCSB) for a total cash consideration of RM56,000.00 (the Acquisition).

Information on EDCSB

EDCSB was incorporated on 5 April 1999 in Malaysia under the Companies Act, 1965 as a private limited company. The authorised and issued paid- up share capital of EDCSB is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each.

Activity of EDCSB

EDCSB will be principally involved in manufacturing activities.

Financial Effects

The Acquisition will not have any effect on the earnings, net tangible assets, share capital and substantial shareholders shareholdings of Engtex.

Directors and Substantial Shareholders Interest

None of the directors and/or substantial shareholders and/or persons connected with a director or substantial shareholder has any interest, whether direct or indirect, in the Acquisition.

Statement by Directors

The Board of Directors of Engtex is of the opinion that the Acquisition is in the best interest of Engtex.

This announcement is dated 6 October 2003.


Announcement Info

Company NameENGTEX GROUP BERHAD  
Stock Name ENGTEX
Date Announced6 Oct 2003  
CategoryGeneral Announcement
Reference NoEG-031006-64630

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