Others
| Type | Announcement |
| Subject | OTHERS |
| Description |
SALCON BERHAD ("SALCON" OR "COMPANY")
- INCORPORATION OF WHOLLY-OWNED SUBSIDIARY - SALCON PETROLEUM SERVICES (LABUAN) LIMITED
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Pursuant to Paragraph 9.19(23) of Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Salcon wishes to announce that the Company has on 18 December 2015, incorporated a wholly-owned subsidiary, Salcon Petroleum Services (Labuan) Limited ("SPSLL"), in Malaysia under the Labuan Companies Act 1990. The issued and paid-up share capital of SPSLL is USD1.00. The intended principal activity of SPSLL is provision of petroleum related products/services. The incorporation of SPSLL will not have any material effect on the earnings or net assets of Salcon Group for the financial year ending 31 December 2015. 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 incorporation of SPSLL. This announcement is dated 18 December 2015. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 18 Dec 2015 |
| Category | General Announcement for PLC |
| Reference Number | GA1-16122015-00060 |