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Disposal of Subsidiaries


SubjectDisposal of Subsidiaries
ContentsThe Board of Directors of Asia Poly Holdings Berhad ("APHB") wishes to announce that the Company has on 23 November 2009 disposed of its entire equity interests in the two (2) wholly-owned subsidiaries, namely Asia Poly (Marketing) Sdn. Bhd. (Company No. 720396-M) and Asia Poly Nanotech Sdn. Bhd. (Company No. 720347-P) to Ho Meng Chan and Wu Siew Hong for cash consideration of RM2 per company.

These two subsidiaries are dormant companies with an authorised share capital of RM100,000.00 comprising 100,000 ordinary shares of RM1.00 each, of which 2 ordinary shares are issue and paid up capital per company. ("Disposal")

The above Disposal will not have any material effect on the earnings per share, net assets per share, gearing and share capital of APHB for the year ending 31 March 2010.

None of the Directors and/or major shareholders or persons connected to the Directors or major shareholders has any interest, whether directly or indirectly, in the above disposal.

Announcement Info

Stock Name ASIAPLY    
Date Announced23 Nov 2009  
CategoryGeneral Announcement
Reference NoCU-091109-53174