Others

BackJul 12, 2012
Type Announcement
Subject OTHERS
Description PRESTARIANG BERHAD (“PRESBHD”)
- ACQUISITION OF TWO (2) ORDINARY SHARES OF RM1/- EACH, REPRESENTING 100% EQUITY INTERESTS IN PURE LEAP SDN. BHD.
The Board of Directors of PRESBHD wishes to inform that the Company had on 12 July 2012 acquired two (2) ordinary shares of RM1.00 each fully paid-up in the capital of Pure Leap Sdn. Bhd. (Company No. 989261-X ), representing 100% equity interests in Pure Leap Sdn. Bhd. at a total purchase consideration of RM2.00 ("Acquisition").
Following the Acquisition, Pure Leap Sdn. Bhd. became a wholly-owned subsidiary of PRESBHD.The Acquisition is intended for PRESBHD’s future growth, focusing on job placement for Malaysia and global market.

Pure Leap Sdn. Bhd. was incorporated as a private company limited by shares on 3 May 2012. The authorised share capital of Pure Leap Sdn. Bhd. is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each. The present issued and paid-up share capital of Pure Leap Sdn. Bhd. is RM2.00 divided into two (2) ordinary shares of RM1.00 each. Pure Leap Sdn. Bhd. has not commenced business since its incorporation.

The Acquisition is not expected to have any material effect on the earnings and net assets of PRESBHD for the financial year ending 31 December 2012.

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

This announcement is dated 12 July 2012 .

 


Announcement Info

Company Name PRESTARIANG BERHAD  
Stock Name PRESBHD    
Date Announced 12 Jul 2012  
Category General Announcement
Reference No CS-120712-2AD9B