General announcement
OTHERS
PROTASCO BERHAD-INTERNAL RESTRUCTURING EXERCISE
A disclosure that does not fit a specific Bursa form, most often an update on a court case or a corporate development.
OTHERS
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Subject :: OTHERS
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PROTASCO BERHAD – INTERNAL RESTRUCTURING EXERCISE
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Protasco Berhad (“the Company”) wishes to announce that the Company had on 8 July 2011, as part of its internal restructuring exercise to streamline the operations of the companies within the Group, transferred the shareholdings of the following companies to a newly incorporated wholly owned subsidiary, namely Protasco Development Sdn Bhd:- Name of Subsidiary involved | No. of Shares | % of shareholding | Transfer from | Transfer to
De Centrum Sdn Bhd | 2 | 100 | Protasco Land Sdn Bhd (a wholly owned subsidiary) | Protasco Development Sdn Bhd
Protasco Land Sdn Bhd | 250,000 | 100 | Protasco Berhad | Protasco Development Sdn Bhd
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