Contents :
In accordance with our undertaking to the KLSE, we wish to advise that we are acquiring the following companies:-
(1) FARAWIDE SDN BHD
Date of Incorporation : 9th September, 2000
Company No. : 525694 -W
Share Capital : Authorised RM100,000 - Ordinary shares
Issued and fuuly paid - RM2.00
Commencement of Business : The company has not commenced operations since its incorporation
Purchase Consideration : RM2.00 in cash
(2) RAYNERGY SDN BHD
Date of Incorporation : 9th September, 2000
Company No. : 525686 - P
Share Capital : Authorised RM100,000 - Ordinary shares
Issued and fully paid - RM2.00
Commencement of Business : The company has not commenced operations since its incorporation
Purchase Consideration : RM2.00 in cash
(3) SIGMAPRISE SDN BHD
Date of Incorporation : 11th September, 2000
Company No. : 525741- H
Share Capital : Authorised RM100,000 - Ordinary shares
Issued and fully paid - RM2.00
Commencement of Business : The company has not commenced operations since its incorporation
Purchase Consideration : RM2.00 in cash
The acquisition of the three (3) companies mentioned above have no effect on the earnings per share and net tangible assets per share of the company. The Directors and Substantial Shareholders have no interest direct or indirect in the transactions.
There are no immediate benefits which are expected to accrue to the company as a result of the transactions. The three (3) companies are acquired for the purpose of Acquisition of Land and Development.
Thank you.
Yours faithfully,
Mat Rashid Yeop
GROUP COMPANY SECRETARY