Instacom Group Berhad ("Instacom" or the "Company") INCORPORATE OF A SUBSIDIARY COMPANY
|INSTACOM GROUP BERHAD|
|Admission Sponsor||RHB Investment Bank Bhd|
|Sponsor||Same as above|
|Type||Reply to query|
|Reply to Bursa Malaysia's Query Letter - Reference ID||YL-150303-40336|
|Subject||Instacom Group Berhad ("Instacom" or the "Company")|
INCORPORATE OF A SUBSIDIARY COMPANY
|Description||Instacom Group Berhad |
Reply to Bursa Malaysia’s Query Letter dated 4 March 2015 – Reference ID: YL-150303-40336
|Query Letter Contents|| We refer to your announcement dated 27 February 2015 in respect of the |
In this regard, kindly furnish Bursa Malaysia Securities Berhad ("Bursa
Securities") with the following additional information for public release:-
1. The eventual issued and paid-up capital of Instacom Group SA.
2. The sources of funds for financing the investments in Instacom Group SA and
3. Details of Victory Parade Trading 182 (Pty) Ltd.
Kindly furnish Bursa Securities with your reply within one (1) market day from
the date hereof.
TAN YEW ENG
Vice President, Issuers
c.c:- Head, Market Surveillance Department, Market Supervision Division,
Securities Commission (via fax)
Additional information required by Bursa Malaysia pertaining to the announcement on “Incorporate of a Subsidiary Company”
Currently, the anticipated eventual and paid up capital of Instacom Group SA is South African Rand ("ZAR") one (1) million (approximately RM400,000) comprising 1,000,000 ordinary shares of ZAR1 each. Instacom Group Berhad’s portion shall be ZAR510,000 (approximately RM170,000).
Funds for the investments in Instacom Group SA shall be 100% from internally generated funds. As such, no breakdown is provided.
Victory Parade Trading 182 (Pty) Ltd is incorporated on 6 November 2007. The place of incorporation is Cape Town, South Africa. The company’s principal activities are general trading and construction. The authorized share capital is ZAR1,200 comprising 1,200 ordinary shares and the current paid up share capital is ZAR120. The current sole director and sole shareholder is Mr Rudowaan Baderoen.
|Company Name||INSTACOM GROUP BERHAD (ACE Market)|
|Date Announced||9 Mar 2015|