OTHERS SUBSCRIPTION OF 51 SHARES IN PC GLOBAL TRENDS SDN BHD AS ITS NEW 51% OWNED SUBSIDIARY
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MESB BERHAD |
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Type |
Announcement |
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Subject |
OTHERS |
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Description |
SUBSCRIPTION OF 51 SHARES IN PC GLOBAL TRENDS SDN BHD AS ITS NEW 51% OWNED SUBSIDIARY |
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The Board of Directors of MESB Berhad (“MESB”) wishes to announce that MESB had incorporated a new subsidiary company, namely PC Global Trends Sdn Bhd (“PCGT”) as its new 51% owned subsidiary. PCGT was incorporated on 11th day of June 2014 with an issued and paid up capital of Ringgit Malaysia One Hundred (RM100.00) only. The intended principal activity of PCGT will be in the business of importers, exporters, retailers agent of boots, leather shoes, track shoes, rubber soled shoes in all kind of leather hides, rubber soles, skins and etc. MESB and Mr Lim Chee Cheng hold fifty one (51) and forty nine (49) ordinary shares of RM1.00 each respectively, in PCGT. As at to-date, there was no contractual agreement between MESB and Mr Lim for the incorporation of PCGT. The aforesaid incorporation is not expected to have any material effect on the earnings or net assets of MESB Group for the financial year ending 31 March 2015. None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect, in the aforesaid incorporation. This announcement is dated 12th day of June 2014. |
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