|
General Announcement Reference No AD-050607-D95D5 |
| Company Name | : | ASIATIC DEVELOPMENT BERHAD |
| Stock Name | : | ASIATIC |
| Date Announced | : | 07/06/2005 |
| Type | : | Announcement |
| Subject | : | ACQUISITION OF NEW SUBSIDIARY COMPANIES |
Contents :
We wish to inform that Mediglove Sdn Bhd, a wholly-owned subsidiary of the
Company had, on 7 June 2005, acquired the following companies:
| Name of Company |
Date of
Incorporation |
Country of Incorporation
|
Issued and Paid-up capital (Ordinary Shares
of S$1/- each)
|
| Asiatic Equities (S'pore) Pte. Ltd. |
2 June 2005
|
Singapore
|
S$2/-
|
| Sri Nangatayap Pte. Ltd. |
2 June 2005
|
Singapore
|
S$2/-
|
| Sri Kenyalang Pte. Ltd. |
2 June 2005
|
Singapore
|
S$2/-
|
| Ketapang Holdings Pte. Ltd. |
2 June 2005
|
Singapore
|
S$2/-
|
| Sandai Maju Pte. Ltd. |
3 June 2005
|
Singapore
|
S$2/-
|
None of the Directors and substantial shareholders of the Company has any
interest, direct or indirect in the acquisition of the abovementioned companies.
The aforesaid new subsidiaries are not expected to have any effect on the
Group's profit for 2005.
Yours faithfully
ASIATIC DEVELOPMENT BERHAD
TAN SRI MOHD AMIN BIN OSMAN
CHAIRMAN