BURSA ANNOUCEMENTS

Date : 28 October 2016

OTHERS Disposal of Dormant Company

ANCOM BERHAD

Type Announcement
Subject OTHERS
Description
Disposal of Dormant Company

Ancom Berhad (“Ancom” or “Company”) wishes to announce that Ancom Nutrifoods Sdn Bhd, a wholly-owned subsidiary of Ancom Crop Care Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company, has disposed of its entire 2 ordinary shares of RM1.00 each representing 100% equity interest in Hilly Ventures Sdn Bhd (formerly known as Warisan Setara Sdn Bhd) (“HVSB”) to Shamsudin bin Basri and Muhammad Fahzan bin Ramli for cash consideration of RM1.00 each (“Disposal”).

 

HVSB was incorporated in Malaysia on 06 November 2014 under the Companies Act, 1965. The authorised share capital of HVSB is RM400,000.00 of which RM2.00 made up of 2 ordinary shares of RM1.00 each haven been issued and fully paid-up. 

 

HVSB has been dormant since incorporation. It shall cease to be a subsidiary of Ancom after the Disposal. 

 

 

This announcement is dated 28 October 2016.

 






Announcement Info

Company Name ANCOM BERHAD
Stock Name ANCOM
Date Announced 28 Oct 2016
Category General Announcement for PLC
Reference Number GA1-28102016-00004