OTHERS Incorporation of a Subsidiary Company
Incorporation of a Subsidiary Company
Ancom Berhad (“Ancom” or "Company") wishes to announce that Genovasi Malaysia Sdn. Bhd. (“Genovasi”), a 60%-owned subsidiary of the Company, has incorporated a new subsidiary company, namely, Genovasi Malaysia DT Sdn. Bhd. (“GMDT”) with issued and paid-up share capital of RM1.00 comprising 1 ordinary share.
The incorporation of GMBT will not have any material effect on the earnings, net assets and gearing of Ancom Group for the financial year ending 31 May 2020.
None of the Directors and major shareholders of Ancom and the persons connected to them has any interest in the incorporation, save for their interests arising by way of their shareholdings, via the Company.
The Incorporation of GMBT is not subject to the approval of the shareholders of the Company and any other regulatory authorities in Malaysia.
This announcement is dated 2 August 2019.
|Company Name||ANCOM BERHAD|
|Date Announced||02 Aug 2019|
|Category||General Announcement for PLC|