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ACQUISITION OF NEW COMPANY.

NATURAL BIO RESOURCES BERHAD

TypeAnnouncement
SubjectACQUISITION OF NEW COMPANY.
ContentsNatural Bio Resources Berhad ("Natbio" or "the Company") wishes to announce that on 8 April 2009, the Company had acquired 51% equity interest in Synergy Distribution FZC ("SD") comprising 77 ordinary shares of United Arab Emirates, Dirham (“UAE Dhs.”) 1,000 each for a cash consideration of UAE Dhs. 77,000 (equivalent to RM75,000) (“Acquisition”).

SD is a company incorporated in Hamriyah Free Zone-Shj, United Arab Emirates as a private limited company under the Hamriyah Free Zone Authority pursuant to Sharjah Emiri Decree No (6) of 1995 on 2 November 2006. SD is principally engaged in general trading of goods. The issued and paid-up share capital is UAE Dhs. 150,000 comprising 150 ordinary shares of UAE Dhs. 1,000 each.

The Acquisition is not expected to have a material effect on the net assets, earnings, share capital, dividend and gearing of the Natbio for the financial year ending 28 February 2010.

None of the Directors and/or major shareholders of Natbio and/or persons connected to them have any interest, direct or indirect, in the Acquisition of New Company.


Announcement Info

Company NameNATURAL BIO RESOURCES BERHAD  
Stock Name NATBIO    
Date Announced13 Apr 2009  
CategoryGeneral Announcement
Reference NoC&-090413-62168



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