Others
| Type | Announcement |
| Subject | OTHERS |
| Description |
SALCON BERHAD ("SALCON" OR "THE COMPANY")
- REDUCTION OF EQUITY INTEREST IN SALCON PETROLEUM SERVICES SDN BHD
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Pursuant to Paragraphs 9.19(24) and 10.05 of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Salcon wishes to announce that Salcon Petroleum Services Sdn Bhd (Company No. 1135957-M) (“SPSSB”), a wholly-owned subsidiary of Salcon, has on 10 August 2015 increased its issued and paid up share capital from RM2.00 to RM100,000.00 by way of allotment of an additional 99,998 ordinary shares of RM1.00 each to Salcon and Kunci Sempurna Sdn Bhd (“the Allotment of Shares”) for cash consideration. Following the Allotment of Shares, Salcon’s equity interest in SPSSB is reduced from 100% to 49% (“the Reduction”) and SPSSB ceased as a subsidiary of Salcon, and becomes an associated company of Salcon. Please refer to the attachment for further details on the Reduction. |
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Please refer attachment below.
Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 10 Aug 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-10082015-00040 |
Attachments
- Salcon_Ann_Reduction_of_Equity_Interest_in_Salcon_Petroleum_Services_SB_10Aug15.pdf (Size: 282,805 bytes)