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Bina Puri Holdings Bhd Announces Acquisition Of Subsidiary

Friday, 12 Apr 2013 05:26am EDT 

Bina Puri Holdings Bhd announced that it has on April 11, 2013 acquired 100,000 ordinary shares of RM1.00 each for cash consideration of RM25.0 million only in the share capital of Semarak Semerah Sdn. Bhd. (244980-X). Semarak Semerah Sdn. Bhd., a company with issued and paid-up share capital of RM100,000 consisting of 100,000 ordinary shares of RM1.00 each, is a wholly owned subsidiary of Bina Puri Properties Sdn. Bhd. The principal activity of Semarak Semerah Sdn. Bhd. is investment holding. 

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