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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS): RELATED PARTY TRANSACTIONS

POWER ROOT BERHAD

TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
DescriptionPower Root Berhad (formerly known as Natural Bio Resources Berhad) ("Power Root" or "the Company") wishes to announce that on 17 March 2011, the Company had acquired 100% equity interest in Ali Cafe Sdn Bhd comprising of 3 ordinary shares of RM1.00 each for a cash consideration of RM3.00 ("Acquisition").

Ali Cafe Sdn Bhd is a company incorporated in Malaysia with an issued and paid-up share capital of RM3.00. Ali Cafe Sdn Bhd's principal activity is that of operating restaurants. Since its incorporation, the company has been dormant.

The Acquisition is not expected to have a material effect on the net assets, earnings, share capital, dividend and gearing of Power Root for the financial year ending 28 February 2012.

Save for Dato' How Say Swee, Low Chee Yen and Wong Fuei Boon who each received RM1.00 as consideration for the Acquisition, none of the Directors and/or major shareholders of Power Root Berhad and/or persons connected to them have any interest, direct or indirect, in the Acquisition.

This announcement is dated 25 March 2011

Announcement Info

Company NamePOWER ROOT BERHAD  
Stock Name PWROOT    
Date Announced25 Mar 2011  
CategoryGeneral Announcement
Reference NoC&-110325-52556



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