Date: 11 April 2018

OTHERS KRONOLOGI ASIA BERHAD ("KAB" OR "THE COMPANY") - INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY


Type Announcement
Subject OTHERS
Description KRONOLOGI ASIA BERHAD ("KAB" OR "THE COMPANY") - INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY

The Board of Directors of KAB wishes to announce that the Company had through its wholly-owned subsidiary, Kronicles (Singapore) Pte Ltd incorporated a new wholly-owned subsidiary named Kronicles (Hong Kong) Limited ("KHKL") in Hong Kong ("Incorporation").

 

The initial issued share capital of KHKL is HKD5.00 comprising five (5) ordinary shares. The intended principal activity of KHKL is managed services business providing a holistic comprehensive and automated daily backup targeted at medium sized enterprises.

 

The First Director of KHKL is Mr. Tan Jeck Min.

 

The Incorporation has no material effect on the earnings per share, net assets per share, gearing, share capital and the substantial shareholders' shareholding of the Company for the financial year ending 31 December 2018. 

 

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

 

This announcement is dated 11 April 2018.





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