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Incorporation Of New Subsidiary

BackMar 22, 2010
Type Announcement
Subject INCORPORATION OF NEW SUBSIDIARY
Contents The Board of Directors of Tan Chong Motor Holdings Berhad (“the Company”) informs that the Company has incorporated a wholly-owned subsidiary named Tan Chong Motorcycles (Labuan) Pte Ltd (“TCML”) under the Labuan Companies Act, 1990 on 19 March 2010 to cater for the Group’s business expansion needs.

TCML is an investment holding company with a paid-capital of USD1/-.

The formation of the above company has no material effect on the earnings, gearing and net assets of the Group for the financial year ending 31 December 2010.

None of the directors or substantial shareholders has an interest, direct or indirect, in the formation of the new company.

This announcement is dated 22 March 2010.

 


Announcement Info

Company Name TAN CHONG MOTOR HOLDINGS BERHAD  
Stock Name TCHONG    
Date Announced 22 Mar 2010  
Category General Announcement
Reference No TC-100322-43612
Tan Chong Motor Holdings Berhad

Tan Chong Motor Holdings Berhad