|Description||ACQUISITION OF SUBSIDIARY|
Naim Holdings Berhad (the "Company" or "Naim") wishes to announce that its subsidiary, Naim Land Sdn. Bhd. ("NLSB") has on 17 October 2013 acquired the following company:-
Upon acquisition, NLSB holds the entire issued share capital in PQSB.
PQSB was incorporated in Malaysia as a private limited company under the Companies Act of Malaysia on 19 August 2013.
PQSB has an authorized share capital of RM100,000 comprising of 100,000 shares whilst its issued and paid-up capital is RM2 comprising of 2 shares. PQSB has not commenced business since incorporation.
The said acquisition will not have any effect on Naim's share capital, substantial shareholders' shareholdings, earnings and net assets for the financial year ending 31 December 2013.
None of the directors and/or shareholders of Naim Group and/or persons connected with them, have any interest, direct or indirect, in the said acquisition.
This announcement is dated 17 October 2013
|Company Name||NAIM HOLDINGS BERHAD|
|Date Announced||17 Oct 2013|