Bursa Announcements

Date : 19 November 2012

OTHERS Fututech Berhad -Acquisition of Subsidiary

FUTUTECH BERHAD

TypeAnnouncement
SubjectOTHERS
DescriptionFututech Berhad
-Acquisition of Subsidiary

The Board of Directors of Fututech Berhad ("Company") is pleased to announce that the Company had on 19 November 2012 acquired two (2) ordinary shares of RM1.00 each in Senandung Raya Sdn. Bhd. ("SR"), representing 100% of the issued and paid-up share capital of SR for a total consideration of RM2.00.

SR was incorporated on 8 October 2012 and is currently a dormant company. The intended business activity of SR is investment holding and property development.

The aforesaid acquisition would not have a material effect on the Company's consolidated earnings and net assets for the financial year ending 31 December 2012.

None of the Directors and substantial shareholders of the Company and persons connected to the Directors and substantial shareholders of the Company has any interest, direct or indirect, in the above said acquisition.

This announcement is dated 19 November 2012.

 

 

 

 



Announcement Info

Company NameFUTUTECH BERHAD  
Stock Name FUTUTEC    
Date Announced19 Nov 2012  
CategoryGeneral Announcement
Reference NoCA-121119-51990

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