| Type | Announcement |
| Subject | OTHERS |
| Description | ACQUISITION OF SHARES IN HAVANA SYMPHONY SDN BHD BY THE COMPANY’S WHOLLY-OWNED SUBSIDIARY, CONSOLIDATED LEASING (M) SDN BHD |
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1. INTRODUCTION
The Board of Directors of Sunsuria Berhad (Formerly known as Malaysia Aica Berhad) ("SUNSURIA" or "the Company") is pleased to announce that the wholly-owned subsidiary of the Company, namely Consolidated Leasing (M) Sdn Bhd (Company No. 30777-H) had on 13 August 2014 acquired two (2) ordinary shares of RM1.00 each, representing 100% of the total issued and paid-up share capital of Havana Symphony Sdn Bhd (Company No. 1089198-V) (“HSSB”).
2. INFORMATION OF HSSB
HSSB was incorporated in Malaysia under the Companies Act, 1965 on 15 April 2014. The present authorised share capital of HSSB is RM400,000.00 divided into 400,000 ordinary shares RM1.00 each and the paid-up share capital is RM2.00 divided into 2 ordinary shares of RM1.00 each.
Currently, HSSB is a dormant company.
Present shareholders of HSSB are Ms Tan Wang Tiang and Ms Ng Lui Keng @ Ng Joo Keng holding 1 ordinary share of RM1.00 each respectively.
3. FINANCIAL EFFECTS
The purchase consideration is derived from willing buyer and willing seller basis.
There is no liability including contingent liabilities and guarantees to be assumed by SUNSURIA arising from the acquisition, except as stated above. The acquisition of shares in HSSB is not expected to have any materials effects on the earnings or net assets of the Company for the financial year ending 31 March 2015.
4. DIRECTORS’ AND MAJOR SHAREHOLEDRS’ AND/OR PERSONS CONNECTED WITH A DIRECTOR OR MAJOR SHAREHOLDER’S INTEREST
None of the Directors and/or major shareholders or persons connected to them had any interest, direct or indirect, in the aforesaid acquisiton.
5. STATEMENT BY THE BOARD OF DIRECTORS
The Board of Directors is of the opinion that the acquisition is to undertake future business expansion and is in the best interest of the Company.
This announcement is dated 13 August 2014. |
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| Company Name | SUNSURIA BERHAD |
| Stock Name | SUNSURIA |
| Date Announced | 13 Aug 2014 |
| Category | General Announcement |
| Reference No | CC-140722-37250 |