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Power Root Berhad (formerly known as Natural Bio Resources Berhad) -INCORPORATION OF COMPANY

POWER ROOT BERHAD

TypeAnnouncement
SubjectPower Root Berhad (formerly known as Natural Bio Resources Berhad)
-INCORPORATION OF COMPANY
ContentsPower Root Berhad (formerly known as Natural Bio Resources Berhad) ("Power Root" or "the Company") wishes to announce that its wholly-owned subsidiary, Power Impian International Sdn. Bhd. (“PII”) has completed incorporating a 95% owned subsidiary, PT. Power Impian International (“PPII”) (“Incorporation”).

PPII was incorporated on 2 November 2010 in Indonesia as a private limited company under the laws of Republic of Indonesia and has a paid-up capital of IDR 6,000,000,000 (equivalent to RM2.09 million) of which IDR 5,700,000,000 is held by Power Root. The remaining paid-up capital of IDR 300,000,000 is held by its Indonesian counterpart, Ipongoh Kurniawan.

PPII is principally engaged in network marketing and trading of products.

The Incorporation is not expected to have a material effect on the net assets, earnings, share capital, dividend and gearing of the Power Root for the financial year ending 28 February 2011.

Other than Ipongoh Kurniawan who is a Director of PPII, none of the Directors and/or major shareholders of Power Root and/or persons connected to them have any interest, direct or indirect, in the Incorporation.

This announcement is dated 11 November 2010.

Announcement Info

Company NamePOWER ROOT BERHAD  
Stock Name PWROOT    
Date Announced11 Nov 2010  
CategoryGeneral Announcement
Reference NoC&-101111-53143



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