General Announcement
01/09/2004Incorporation of new subsidiary
KNM GROUP BERHAD |
Type | Announcement |
Subject | Incorporation of new subsidiary |
Contents :
KNM Group Berhad (KNM) is pleased to announce that KNM International Sdn Bhd (KNMI) a wholly-owned subsidiary had on 20 June 2004 completed the incorporation of KNM Global Ltd (KNM Global), a wholly-owned offshore company of KNMI.
KNM Global was incorporated in the British Virgin Islands with an authorised share capital of USD50,000.00, comprising 50,000 ordinary shares of USD1.00 each, and an issued share capital of 3,000 ordinary shares of USD1.00 each. Its registered address is 15, Jalan Dagang SB/1, Taman Sungai Besi Indah, 43300 Seri Kembangan, Selangor D. E.
KNM Globals principal activity is providing marketing services to KNMI, and has recently commenced business activities in the Middle East region. KNM Global is expected to support KNMI in marketing KNMIs products and services in territories with strong oil, gas and petrochemical industries.
The investment in KNM Global is not expected to have a material effect on the earnings or net tangible assets of the KNM Group for the year ending 31 December 2004.
None of the directors or substantial shareholders of KNM, or persons connected to them has any interest, direct or indirect, in the said investment.
This announcement is dated 1 September 2004.
Announcement Info
Company Name | KNM GROUP BERHAD |
Stock Name | KNM |
Date Announced | 1 Sept 2004 |
Category | General Announcement |
Reference No | KG-040901-68706 |
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