Others
| Type | Announcement |
| Subject | OTHERS |
| Description | Acquisition of Subsidiary by Eco-Coach & Tours (M) Sdn Bhd |
Salcon Berhad (“Salcon” or “the Company”) wishes to announce that Eco-Coach & Tours (M) Sdn Bhd (“ECT”), a 51.3% owned subsidiary of Salcon Capital Sdn Bhd, which in turn is a wholly-owned subsidiary of Salcon, had on 26 June 2013 acquired 2 Ordinary Shares of RM1.00 each, representing 100% equity interest in Eco Tours Asia Sdn Bhd (Company No. 1049876-W) (“ETA”), a company incorporated in Malaysia, for a total cash consideration of RM2.00 (“the Acquisition”). Subsequent to the Acquisition, ETA shall become a wholly-owned subsidiary of ECT, which in turn is a subsidiary of the Company. ETA was incorporated on 13 June 2013 in Malaysia. The authorised share capital of ETA is RM400,000.00 comprising 400,000 ordinary shares of RM1.00 each while its issued share capital consists of 2 ordinary shares of RM1.00 each which have been fully paid. The intended business activity of ETA is to carry out the business of eco tour packages and travel agency. The Acquisition will not have any significant effect on the earnings or net assets of Salcon Group for the financial year ending 31 December 2013. It will not have any effect on the share capital and substantial shareholders’ shareholdings of the Company as well. None of the Directors and/or major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the Acquisition. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 26 Jun 2013 |
| Category | General Announcement |
| Reference No | CK-130626-38657 |