Newsroom

Announcement On Equity Investment In Associate Company

BackJun 08, 2010
Type Announcement
Subject ANNOUNCEMENT ON EQUITY INVESTMENT IN ASSOCIATE COMPANY
Contents
The Board of Directors of KKB Engineering Berhad (“KKB”) is pleased to announce that KKB had on 7 June 2010 acquired 60,000 ordinary shares of RM1.00 each in the share capital of KKB Builders Sdn. Bhd. ("KKBB") at a total cash consideration sum of RM60,000.00 ("the Acquisition"). Subsequent to the Acquisition, KKBB became a 100% owned subsidiary of KKB.

None of the Directors, major shareholders and/or persons connected with them has any interest, direct or indirect, in the above Acquisition.

The Board, having considered all aspects of the Acquisition, is of the opinion that the Acquisition is in the best interest of KKB and its group of companies and not detrimental to the interests of the minority shareholders.

This announcement is dated 8 June 2010.

 


Announcement Info

Company Name KKB ENGINEERING BERHAD  
Stock Name KKB    
Date Announced 8 Jun 2010  
Category General Announcement
Reference No CC-100608-37527