The Board of Directors of SCCH wishes to announce that SCC Corporation Sdn Bhd, a wholly owned subsidiary of the Company had on 6 August 2014 acquired two (2) ordinary shares of RM1.00 each representing the entire issued and paid-up share capital of Positive Insight Sdn Bhd (Company No. 1100136-D) ("PISB") for a total cash consideration of RM2.00 from unrelated parties.
PISB was incorporated on 3 July 2014 as private company limited by shares under the Companies Act, 1965. The intended principal business of PISB will be the supply of flour mix, waffle mix, donut, caramel sugar mix, fried chicken mix and nasi lemak mix.
Following the acquisition, PISB shall be a wholly-owned sub-subsidiary of SCCH.
This announcement is dated 6 August 2014.