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Chuan Huat Resources Berhad's Subsidiary To Acquire 55% Stake In CHRB Trading Sdn Bhd


Friday, 1 Mar 2013 04:24am EST 

Chuan Huat Resources Berhad announced that its wholly owned subsidiary, Chuan Huat Hardware (Sdn.) Berhad (CHHSB), had on March 1, 2013, entered into Shareholders' Agreement with Lawrence Hiew, Yeo Eng Hiong and Dennis Justin Tan Swee Liang for the subscription of 110,000 ordinary shares of MYR 1.00 each in CHRB Trading Sdn Bhd (formerly CHRB Realty Sdn. Bhd.) (CHRB Trading) representing 55% of the total issued and paid-up share capital of CHRB Trading at par value of MYR 1.00 each for cash consideration of MYR 110,000.00. Upon the Subscription, CHRB Trading will become a subsidiary of CHHSB and the Company. The principal activity of CHRB Trading is trading and retailing of building material products. 

Company Quote

0.5
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16 Apr 2014