The Board of Directors of WZ SATU(Board) wishes to announce that the Company had today subscribed for 490,000 ordinary shares of RM1.00 each in SE Satu Sdn Bhd (Formerly known as Saujana Susila Sdn Bhd) (SSSB) (SSSB Shares), representing 49% of the issued and paid-up ordinary share capital of SSSB for a total subscription amount of RM490,000 (Subscription). Consequently, SSSB is now an associate company of the Company.
The details of the announcement are set out in the attached file.
This announcement is dated 3 December 2013.