We refer to our announcement on 29 September 2016 in relation to the Letter of Acceptance ("LOA") from Mass Rapid Transit Corporation Sdn Bhd (?MRT Corp?) to Big Tree - Seni Jaya Consortium (?Consortium?) [an unincorporated consortium comprising Seni Jaya Sdn Bhd (?Seni Jaya?) (Company No : 109563 X),  a wholly-owned subsidiary of Seni Jaya Corporation Berhad (?SJC") and Big Tree Outdoor Sdn Bhd (?BTO?) (Company No : 318264 M)] to design, build, operate and transfer advertising media equipment with the concession rights to sell and display advertising on  the advertising infrastructure under Projek Mass Rapid Transit Lembah Kelang - Jajaran Sungai Buloh - Kajang for MRT Corp (?MRT Advertising Concession?), on an exclusive basis.


Pursuant to the above, SJC wishes to announce that Seni Jaya had on 10 October 2016, incorporated Big Tree Seni Jaya Sdn Bhd ("Big Tree Seni Jaya"), for the purpose of the MRT Advertising Concession, wherein Seni Jaya holds 40% equity interest in Big Tree Seni Jaya with the remaining 60% equity interest being held by BTO.


Big Tree Seni Jaya has an authorised share capital of RM400,000.00 comprising 400,000 Ordinary Shares of RM1.00 each and an initial paid up share capital of RM2.00 comprising 2 Ordinary Shares of RM1.00 each. 


The incorporation of the above associated company will not have any material effect on the earnings and net assets of SJC Group for the financial year ending 31 December 2016.


None of the Directors and/or major shareholders of SJC and/or persons connected with them has any interest, direct or indirect, in the said incorporation of Big Tree Seni Jaya.


This announcement is dated 11 October 2016.