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EITA Resources Bhd Announces Acquisition Of 100% Equity Interest In Eita Research & Development Sdn Bhd

Tuesday, 28 May 2013 08:00pm EDT 

EITA Resources Bhd announced that the Company had on May 28, 2013 acquired two existing ordinary shares of MYR1.00 each, representing 100% of the total issued and paid-up share capital of EITA Research & Development Sdn Bhd (EITA R&D) for a cash consideration of MYR2.00 only (the Acquisition). Upon the Acquisition, EITA R&D has become a wholly-owned subsidiary of the Company and its intended principal activities are the research and development of elevator and busduct products and systems. EITA R&D was incorporated in Malaysia on May 22, 2013 under the Companies Act, 1965 as a private limited company. Presently, the authorised capital of EITA R&D is RM400,000.00 divided into 400,000 ordinary shares of MYR1.00 each and the issued and paid-up share capital is MYR2.00 comprising 2 ordinary shares of MYR1.00 each. 

Company Quote

5 May 2015