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OTHERS Incorporation of Indirect Wholly-Owned Subsidiary Company in Vietnam CRR Vietnam Co., Ltd

BONIA CORPORATION BERHAD

Type Announcement
Subject OTHERS
Description
Incorporation of Indirect Wholly-Owned Subsidiary Company in Vietnam
 CRR Vietnam Co., Ltd

The Ringgit Malaysia equivalent for this Announcement is based on the middle exchange rate quoted on Bank Negara Malaysia website as at 5.00 pm on 27 July 2016 of Vietnamese Dong (VND) 100:Ringgit Malaysia (RM) 0.0183.

 

 

Bonia Corporation Berhad (“BCB” or “Company”) wishes to inform that its wholly-owned subsidiary company namely CRG Incorporated Sdn Bhd (“CRG”), has incorporated a wholly-owned subsidiary company in Vietnam known as CRR Vietnam Co., Ltd (“CRR”). The relevant Investment Registration Certificate issued by the Department of Planning and Investment of Socialist Republic of Vietnam on 18 July 2016, was received by CRG on 27 July 2016.

 

The investment capital and contributed capital of CRR are VND4,500,000,000 (equivalent to RM823,500) and VND1,125,000,000 (equivalent to RM205,875) respectively. The intended business activities of CRR is to engage in management consultancy activities and to implement the right of import, distribution, wholesale of goods in Vietnam.

 

The incorporation of CRR is not expected to have any material effect on the consolidated earnings, net assets and gearing of the Company for the financial year ending 30 June 2017. However, BCB will provide further updates when there is any material development.

 

None of the Directors and to the best knowledge of the Directors, none of the major shareholders or person connected to them has any interest, direct or indirect in the incorporation of CRR.

 

This announcement is dated 28 July 2016.






Announcement Info

Company Name BONIA CORPORATION BERHAD
Stock Name BONIA
Date Announced 28 Jul 2016
Category General Announcement for PLC
Reference Number GA1-28072016-00003




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