Highlights:
add free Download App
premium Premium Account

Last Price Change Volume
Open: Day Range: Prev Close:


OTHERS MUDAJAYA GROUP BERHAD ("MGB") - Acquisition of New Subsidiaries by Mudajaya Corporation Berhad, a wholly-owned subsidiary of MGB

MUDAJAYA GROUP BERHAD

Type Announcement
Subject OTHERS
Description
MUDAJAYA GROUP BERHAD ("MGB")
- Acquisition of New Subsidiaries by Mudajaya Corporation Berhad, a wholly-owned subsidiary of MGB

We wish to announce that pursuant to Chapter 9, Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Mudajaya Corporation Berhad, a wholly-owned subsidiary of MGB, has on 3 April 2017, acquired 100% equity interest in the following companies for a total cash consideration of RM2 each:-

Name of Companies

No. of Ordinary Shares

Acquired

Issued and

Paid-up Share Capital

Intended Principal Activities

 

Mudajaya City Corporation Sdn Bhd (“MCCSB”)

 

 

2

 

RM2.00

 

Construction and investment activities

 

 

Mudajaya Holdings Sdn Bhd (“MHSB”)

 

 

2

 

RM2.00

 

Construction and investment activities

 

 

Mudajaya Industries Sdn Bhd (“MISB”)

 

 

2

 

RM2.00

 

Construction and investment activities

 

As a result of the acquisition, MCCSB, MHSB and MISB have become indirect wholly-owned subsidiaries of MGB. 

MHSB and MISB were both incorporated on 13 February 1996 whilst MCCSB was incorporated on 9 September 1996.                   

The aforesaid acquisition is not expected to have any effect on the share capital, substantial shareholders’ shareholdings, earnings per share, net assets per share and gearing of MGB Group.

The aforesaid acquisition does not require approval from the shareholders of MGB or any relevant authorities.

 

This announcement is dated 3 April 2017.






Announcement Info

Company Name MUDAJAYA GROUP BERHAD
Stock Name MUDAJYA
Date Announced 03 Apr 2017
Category General Announcement for PLC
Reference Number GA1-03042017-00068




Close