The Board of Directors of SJCB is pleased to inform that its wholly-owned subsidiary, Seni Jaya Sdn. Bhd. had on 6 January 2014 incorporated a 51%-owned subsidiary company under the name of Seni Jaya Media Utama Sdn. Bhd. (Company No. 1076454-A) ("SJMU"). The authorised share capital of SJMU is RM400,000/- comprising 400,000 ordinary shares of RM1/- each and the total issued and paid up capital is 100,000 ordinary shares of RM1/- each fully paid up of which 51,000 ordinary shares has been subscribed by Seni Jaya Sdn. Bhd. for a total cash consideration of Ringgit Malaysia Fifty One Thousand only (RM51,000/-) ("the Incorporation").
The intended principal activity of SJMU is provision of production and media advertising, event and promotion services.
The Incorporation does not have any material effect on the earnings and net tangible assets of the Company.
None of the Directors, Major Shareholders and/or persons connected to them has any interest, direct or indirect, in the Incorporation.
This announcement is dated 6 January 2014. |
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