Bonia Corporation Berhad's Subsidiary Sets up Two New Subsidiaries

Bonia Corporation Berhad announced that SBG Holdings Sdn Bhd, a wholly owned subsidiary of the Company, had on December 20, 2012 incorporated two wholly-owned subsidiaries in Malaysia known as SBA Marketing Sdn Bhd (SBA) and SBM Marketing Sdn Bhd (SBM). SBA and SBM each has authorized capital of MYR 100,000 divided into 100,000 ordinary shares of MYR 1 each, with issued and paid-up capital of MYR 2 divided into two ordinary shares of MYR 1 each. SBA will be engaged in marketing and distribution of fashionable accessories, while SBM will be engaged in designing, promoting and marketing of fashionable men's footwear.