Acquisition Of A New Subsidiary

BackNov 29, 2010
Date Announced : 29/11/2010  




Type : Announcement
Subject :
Acquisition of a new subsidiary

Contents :
Please refer to below details.

Announcement Details :

 

 

Naim Holdings Berhad (“Company” or “Naim”) wishes to announce that its wholly-owned subsidiary, Naim Cendera Sdn. Bhd. (“NCSB”) has on 29 November 2010 acquired 2 ordinary shares of RM1.00 each representing 100% of the issued and paid up share capital of PERMYJAYA SINO EDUCATION SDN. BHD. (“PSESB”) for a total consideration of RM2.00 from the following related parties:-

 

Name of transferors

No. of share

Consideration

Datuk Hasmi Bin Hasnan

1

RM1.00

Abet Bin Abang Mataim

1

RM1.00

 

The related party transactions are a result of the related parties facilitating the incorporation of Permyjaya Sino Edcuation Sdn. Bhd. on behalf of the Naim Group. 

PSESB, is a private limited company incorporated on 16 November 2010 under the Companies Act of Malaysia with an authorised capital of RM100,000 divided into 100,000 shares of RM1.00 each and a paid-up share capital of RM2.00 of RM1.00 each. PSESB has yet to commence operation.

The said acquisition will not have any effect on Naim’s share capital, substantial shareholders’ shareholdings, earnings and net assets for the financial year ended 31 December 2010.

Save for Datuk Hasmi Bin Hasnan and Abet Bin Bin Abang Mataim who are both directors of NCSB and PSESB, none of the directors and/or substantial shareholders of Naim Group and/or persons connected with them, have any interest, direct or indirect, in the said acquisition. 

 
 This announcement is dated 29 November 2010