Company Announcements

Date: 13 March 2019

OTHERS LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR "THE COMPANY") - INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY KNOWN AS RT INDUSTRIES CO., LTD ("RTI")


Type Announcement
Subject OTHERS
Description LATITUDE TREE HOLDINGS BERHAD ("LTHB" OR "THE COMPANY") - INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY KNOWN AS RT INDUSTRIES CO., LTD ("RTI")

Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of LTHB is pleased to announce that L-Tree Resources Sdn Bhd ("LTR"), a wholly-owned subsidiary of the Company has on 13 March 2019 incorporated a new wholly-owned subsidiary in Vietnam, namely RT Industries Co., Ltd ("RTI").


RTI is a one-member limited liability company incorporated under the Law on Enterprise of Vietnam pursuant to the Investment License No. 3702749451 issued by the People's Committee of Binh Duong Province on 13 March 2019 with a charter capital of VND92,000,000,000.00 (approximately RM16,192,000.00). As defined by the Law on Enterprise of Vietnam, LTR is required to fully contribute the charter capital within 90 days from the issuance date of investment license. The intended principal activities of RTI are to manufacture and sale of upholstery furniture. The sole director of RTI is Mr Lin, Chin-Hung.

 

The above incorporation does not have any material effect on the share capital, substantial shareholders' shareholdings, earnings per share and net assets of LTHB and its subsidiaries for the financial year ending 30 June 2019.


Save as disclosed, none of the other directors and/or major shareholders of LTHB and/or persons connected to them has any interest, direct or indirect in the above incorporation.

This announcement is dated 13 March 2019.





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