Completion of Share Sale Agreements ("SSA") In Respect Of Dayang Enterprise Holdings Berhad ("DEHB")

BackMar 03, 2008
Further to the Company's announcement on 28 December 2007, the Company wishes to announce that Naim Cendera Holdings Berhad as one of the Vendors of SSA had on 29th February 2008 completed the disposal of the Company's 45% equity interest in Dayang Enterprise Sdn Bhd, DESB Marine Services Sdn Bhd and Fortune Triumph Sdn Bhd to DEHB in consideration DEHB issuing 45% equity in DEHB to our Company. As a result of the completion DEHB is now an associate company of the Naim Group of Companies.


Dated this 3rd day of March 2008