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Bursa Annoucements

Date: 28 July 2017

OTHERS Ancom Berhad : Incorporation of a Subsidiary Company


Type Announcement
Subject OTHERS
Description Ancom Berhad : Incorporation of a Subsidiary Company

Ancom Berhad ("Ancom" or "Company") wishes to announce that the Company has on 28 July 2017 incorporated a wholly-owned subsidiary, namely TravelPay Malaysia Sdn. Bhd. ("TMSB") with issued and paid-up share capital of RM2 comprising 2 ordinary shares. The intended principal activity is IT related.

 

The incorporation of TMSB is not expected to have any material effect on the earnings, net assets and gearing of Ancom Group for the financial year ending 31 May 2018.

 

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.

 

This announcement is dated 28 July 2017.





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