OTHERS ANCOM BERHAD : Acquisition of a Company by Redberry Sdn. Bhd.
|Description||ANCOM BERHAD : Acquisition of a Company by Redberry Sdn. Bhd.|
Ancom Berhad ("Ancom" or "Company") wishes to announce that Redberry Sdn. Bhd., .a wholly-owned subsidiary of the Company, has on 24 May 2017 acquired one (1) ordinary share representing the entire equity interest in Digital Showcase Sdn. Bhd. (Company No. 1225112-H) ("DSSB") for RM1.00 cash.
DSSB was incorporated in Malaysia on 1 April 2017 under the Companies Act 2016, and is currently dormant.
The acquisition will not have any material effect on the earnings, net assets and gearing of Ancom Group for the financial year ending 31 May 2017.
None of the Directors and major shareholders of Ancom and the persons connected to them has any direct or indirect interest in the acquisition.
This announcement is dated 24 May 2017.