New Subsidiary of UEM Edgenta Berhad

November 1, 2016 Press Release No Comments
Type Announcement
Subject OTHERS
Description NEW SUBSIDIARY OF UEM EDGENTA BERHAD

UEM Edgenta Berhad wishes to announce that it had on 1 November 2016 acquired two (2) ordinary shares of RM1.00 each representing the entire issued and paid-up share capital of Edgenta Energy Projects Sdn Bhd (Company No: 1205995-W) (“Edgenta Energy Projects”) for a total cash consideration of RM2.00 (“Acquisition”) thereby resulting in Edgenta Energy Projects becoming a wholly-owned subsidiary of the Company.

Edgenta Energy Projects was incorporated on 20 October 2016 with an intended principal activity of providing energy management services and renewable energy services.

The Acquisition of Edgenta Energy Projects will not have any effect on the Company’s issued and paid-up share capital and substantial shareholders’ shareholdings.

There shall be no material effect on the Company’s earnings and net assets for the financial year ending 31 December 2016 in regards to the Acquisition.

None of the directors and/or substantial shareholders or persons connected to them have any interest, direct or indirect, in the Acquisition.

This announcement is dated 1 November 2016.