The Board of Directors of Bintai Kinden Corporation Berhad (“BKCB”) wishes to announce that Bintai Kindenko Private Limited, a 69.82% owned subsidiary of the Company, has on 16 May 2012, incorporated a new wholly owned subsidiary company limited by shares in Indonesia known as Bintai Kindenko Indonesia Holdings Pte Ltd. (“BKI”). The issued and paid up share capital of BKI is SGD100 (Singapore Dollar One Hundred) and its intended principal activity is that of an investment holding company.
The new incorporation will not have any material effect on the earnings and net assets of BKCB Group for the financial year ending 31 March 2013.
None of the Directors and/or major shareholders of BKCB or persons connected to them have any interests, direct or indirect, in the new incorporation.
This announcement is dated 16 May 2012.