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Salcon Berhad has on 16 April 2008 acquired 1 ordinary share of HK$1 representing 100% equity interest in Salcon Shandong (HK) Limited ("SSHK"), Hong Kong for HK$1. With the acquisition, SSHK is a wholly-owned subsidiary of the Company.
The authorised share capital of SSHK is HK$10,000 divided into 10,000 ordinary shares of HK$1 each, and its principal activity is investment holding.
The acquisition will not have any significant effect on the earnings or net assets of Salcon Group for the financial year ending 31 December 2008, and the share capital of the Company.
None of the Directors and/or substantial shareholders of the Company or persons connected with them have any interest, direct or indirect, in the acquisition.
This announcement is date 16 April 2008. |
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