Others
| Type | Announcement |
| Subject | OTHERS |
| Description |
SALCON BERHAD ("SALCON" OR "COMPANY") - INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY IN AUSTRALIA - SALCON DEVELOPMENT (AUSTRALIA) PTY LTD |
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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 inform that Salcon Development Sdn Bhd ("SDSB"), a wholly-owned subsidiary of Salcon has on 27 June 2016 incorporated a wholly-owned subsidiary in Victoria, Australia known as Salcon Development (Australia) Pty Ltd (Company No. 613 276 743) [“SDAPL”]. The initial issued and paid-up share capital of SDAPL is AUD100.00 comprising 100 ordinary shares of AUD1.00 each. The intended principal activity of SDAPL is property development. The incorporation of SDAPL does not have any effect on the share capital and substantial shareholders’ shareholdings of Salcon. It is also not expected to have any material effect on the net assets, gearing and earnings of Salcon for the financial year ending 31 December 2016. None of the Directors or major shareholders of Salcon or persons connected with them, have any direct or indirect interest in the incorporation of SDAPL.
This announcement is dated 27 June 2016. |
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Announcement Info
| Company Name | SALCON BERHAD |
| Stock Name | SALCON |
| Date Announced | 27 Jun 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-27062016-00089 |