General announcement
OTHERS
ACQUISITION OF NEW COMPANIES BY A WHOLLY OWNED SUBSIDIARY
ACQUISITION OF NEW COMPANIES BY A WHOLLY OWNED SUBSIDIARY
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Subject :: OTHERS
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The Board of Directors of Protasco Berhad ("Company") wishes to announce that a wholly owned subsidiary of the Company, HCM Engineering Sdn. Bhd., had today acquired two (2) dormant companies at par for cash as follows:
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Name of Company
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No. of ordinary shares of RM1.00 each acquired
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Shareholding
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(%)
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Consideration
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(RM)
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HCM Kasturi Sdn Bhd
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10
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100
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10
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Alkatech Sdn Bhd
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100,000
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100
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100,000
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The intended principal activities for the aforesaid two (2) companies acquired are on maintenance of roads and buildings.
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None of the directors and/or substantial shareholders of the Company and/or persons connected to them have any interest, direct or indirect, in the above-mentioned acquisitions.
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The acquisitions are not subject to the approval of the shareholders of the Company.
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