Pursuant to Paragraph 9.19 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Kossan Rubber Industries Bhd. (Kossan or Company) wishes to announce that it has on 17 April 2015 incorporated a wholly-owned subsidiary under the name of Kossan Industries Sdn. Bhd. (KI).
The authorised capital of KI is RM400,000.00 comprising 400,000 ordinary shares of RM1.00 each, of which 2 ordinary shares have been issued upon incorporation. The intended principal business activity of KI is manufacture of rubber products.
The incorporation of KI is not expected to have any material impact on the earnings or net assets of the Company for the financial year ending 31 December 2015.
This announcement is dated 17 April 2015.