General Announcement

22/02/2000

INCORPORATION OF SUBSIDIARY O.S.K. VENTURE EQUITIES SDN. BHD.

O.S.K. HOLDINGS BERHAD

TypeAnnouncement
SubjectINCORPORATION OF SUBSIDIARY
O.S.K. VENTURE EQUITIES SDN. BHD.

Contents :

O.S.K. Holdings Berhad ("OSK") is pleased to announce that the Company has on 18 February 2000 incorporated a new subsidiary, namely O.S.K. Venture Equities Sdn. Bhd. ("OSKVE"), with an authorised and paid-up share capital of RM250 million and RM2 respectively.


OSKVE is the special-purpose vehicle established to undertake venture capital business. As disclosed in OSK's Abridged Prospectus dated 7 January 2000, RM100 million of the proceeds from the Rights Issues would be utilised by the OSK Group for strategic investment in private and public entities with the potential for high growth. The targeted investment sectors include, amongst others, those in the high technology related industries and other manufacturing related industries.


Announcement Info

Company NameO.S.K. HOLDINGS BERHAD  
Stock Name OSK
Date Announced22 Feb 2000  
CategoryGeneral Announcement
Reference NoOH-000222-65167

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