OTHERS Investment in United Arab Emirates

03 Aug 2015

We refer to our announcements made on 31 July 2015 in relation to the Investment in United Arab Emirates (“UAE”).

The Company wishes to further announce that:-

  • The subscription consideration for the 245 cash shares of Estemarat Information Technology LLC (“EIT”) is AED245,000 (approximately RM257,000), whereby the value of each cash share is AED1,000 .
  • The current issued and paid-up capital of EIT is AED500,000. EIT does not intend to increase its paid-up capital unless additional funding is required in the future to carry on its business in UAE.

This announcement is dated 3 August 2015

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