INVESTOR RELATIONS

Naim Holdings Berhad (Naim) wishes to announce that its wholly-owned subsidiary, Naim Overseas Sdn. Bhd. (“NOSB”) has on 31 January 2012 subscribed for 9,998 ordinary shares of F$1.00 each in NAIM VANUA LEVU (FIJI) LIMITED (NVL), a company incorporated under the Companies Act of Fiji. 

Following the subscription, NOSB holds 9,999 ordinary shares representing 99.99% of the issued share capital of NVL.  

NVL is a private limited company incorporated under the Companies Act of Fiji under the name of Interlaken Limited on 21 October 2010. On 23 August 2011, it changed its name to Naim Vanua Levu (Fiji) Limited. It was incorporated with a paid up capital of F$2 of F$1.00 each and on 31 January 2012 NOSB paid F$9,998 for the subscription of 9,998 ordinary shares of F$1.00 each in NVL. NVL has not commenced operation as at today.

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 2012.

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 31 January 2012