Bursa Announcements

Date : 26 September 2016

OTHERS Econpile Holdings Berhad - Acquisition of Tropical Broadway Sdn. Bhd.

ECONPILE HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
Econpile Holdings Berhad
 - Acquisition of Tropical Broadway Sdn. Bhd.

The Board of Directors of Econpile Holdings Berhad (“ECONPILE”) wishes to announce that ECONPILE had on 26 September 2016, acquired the entire two (2) ordinary shares of RM1.00 each in Tropical Broadway Sdn. Bhd. (Co. No. 1190142K) (“TBSB”) at par for cash consideration of RM2.00 (“Acquisition”).


TBSB was incorporated in Malaysia on 3 June 2016 under the Companies Act, 1965. The authorised share capital of TBSB is RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up.

TBSB is currently dormant and its intended business activity is property development.

None of the Directors and/or major shareholders of ECONPILE and/or persons connected with them, have interest and/or deemed interested in the aforesaid Acquisition.

The Acquisition does not have a material effect on the earnings, net assets and gearing per share of ECONPILE for the financial year ending 30 June 2017.

This announcement is dated 26 September 2016.






Announcement Info

Company Name ECONPILE HOLDINGS BERHAD
Stock Name ECONBHD
Date Announced 26 Sep 2016
Category General Announcement for PLC
Reference Number GA1-26092016-00031


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