Protasco Berhad
("Company") wishes to announce that its
wholly-owned subsidiary, Protasco Venture Partners Inc, has on 7 May 2014 incorporated a wholly-owned
subsidiary, Protasco Agro Ltd (“PAL”), a company incorporated in the British
Virgin Islands (“Incorporation”). The
Certificate of Incorporation was received by the Company on 12 May 2014.
PAL, which was
set up to undertake new ventures, has an
authorised share capital of US$10 million divided into 10,000,000,000 shares at
par value of US$0.001. The paid up
capital is US$2 million divided into 2,000,000,000 shares of US$0.001 each.
None of the
directors and/or major shareholders of the Company and/or persons connected to
them have any interest, direct or indirect, in the above-mentioned
Incorporation.
The aforesaid
Incorporation is not subject to shareholders’ approval.