General Announcement
27/12/2005Acquisition of Dormant Company
MALAYSIA BUILDING SOCIETY BERHAD |
Type | Announcement |
Subject | Acquisition of Dormant Company |
Contents :
- The Board of Directors of Malaysia Building Society Berhad (the Company) is pleased to announce that the Company had on 27th December 2005 acquired the entire shareholding in Idaman Usahamas Sdn Bhd (Company No. 713213-W) (Idaman), comprising two (2) ordinary shares from Zatizam Binti Zahari and Faridah Binti Razali each holding one (1) ordinary share in Idaman, for a cash consideration of RM2 only. (the Transfer Shares)
The Companys investment cost in Idaman is RM2.00. The Transfer Shares does not have any significant effect on the net tangible assets per share, the earnings of the Company and of the Group for the year ending 31 December 2005.
Idaman was incorporated on 20 October 2005 with an authorised capital of RM100,000 comprising 100,000 ordinary shares of RM1.00 each while its issued share capital comprises two (2) ordinary shares of RM1.00 each. Idaman is a dormant company and has not commenced operations since the date of its incorporation.
Idaman is expected to be utilized in furtherance of future strategic plans of the Company.
The Directors of the Company further wish to announce that the transaction is in the best interest of the Company and that none of the Directors and/or major shareholders of the Company or persons connected thereto has any interest, direct or indirect in this transaction.
Announcement Info
Company Name | MALAYSIA BUILDING SOCIETY BERHAD |
Stock Name | MBSB |
Date Announced | 27 Dec 2005 |
Category | General Announcement |
Reference No | MB-051212-42346 |
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