Announcements
Announcements
Date : 27 December 2017

OTHERS Cypark Resources Berhad ("CRB" or "the Company") - Incorporation of a new wholly-owned subsidiary by Cypark Renewable Energy Sdn. Bhd., a wholly-owned subsidiary of the Company

CYPARK RESOURCES BERHAD

Type Announcement
Subject OTHERS
Description
Cypark Resources Berhad ("CRB" or "the Company") - Incorporation of a new wholly-owned subsidiary by Cypark Renewable Energy Sdn. Bhd., a wholly-owned subsidiary of the Company

1.   Introduction

 

The Board of Directors of CRB wishes to announce that its wholly-owned subsidiary, namely, Cypark Renewable Energy Sdn. Bhd. (Company No. 511203-V) ("CRE") had on 21 December 2017 incorporated a new wholly-owned subsidiary, namely, Cypark Lakeview Solar Sdn. Bhd. (Company No. 1260940-D) ("CLS") ("the Incorporation").

 

2.   Purpose

 

The Incorporation is to facilitate the CRB Group’s participation in the development of Large Scale Solar Photovoltaic Plant of 30.00 MWa.c. (43.18MWd.c.) at Empangan Terip, Negeri Sembilan.

 

3.   Details of CLS

 

CLS was incorporated as a private company limited by shares with an issued share capital of RM100/- comprising 100 ordinary shares. CLS will be principally engaged in the business of providing renewable energy and solar services.

 

4.   Financial effects

 

The Incorporation is not expected to have any material effects on the earnings, gearing and net assets per share of CRB.

 

5.   Directors’ and major shareholders’ interests

 

None of the directors and/or major shareholders of CRB and/or persons connected with them have any interest, direct or indirect, in the Incorporation.

 

6.   Statement by the Directors

 

The Board of Directors of CRB, having considered all aspects of the Incorporation, are of the opinion that the Incorporation is in the best interest of CRB.

 

This announcement is dated 27 December 2017.






Announcement Info

Company Name CYPARK RESOURCES BERHAD
Stock Name CYPARK
Date Announced 27 Dec 2017
Category General Announcement for PLC
Reference Number GA1-27122017-00037



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