OTHERS ANCOM BERHAD : Acquisition of a Company by Puncak Berlian Sdn. Bhd.
|Description||ANCOM BERHAD : Acquisition of a Company by Puncak Berlian Sdn. Bhd.|
Ancom Berhad ("Ancom" or "Company") wishes to announce that Puncak Berlian Sdn. Bhd., a 75%-owned subsidiary of the Company, has on today acquired one (1) ordinary share representing the entire equity interest in Novaberry Sdn. Bhd. (Company No. 1268093-W) ("Novaberry") for RM1.00 cash.
Novaberry was incorporated in Malaysia on 12 February 2018 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 2018.
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 27 March 2018.