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GHL Systems Berhad Announces Acquisition Of GHL CardPay Sdn Bhd From GHL International Sdn. Bhd

Thursday, 29 Aug 2013 12:00pm EDT 

GHL Systems Berhad announced that the Company has on August 26, 2013 acquired 1,250,000 ordinary shares of MYR1.00 each, representing 100% of the issued and paid-up share capital of GHL CardPay Sdn Bhd (f.k.a. Card Pay Sdn. Bhd) (GCP) from GHL International Sdn. Bhd., a wholly-owned subsidiary of the Company for a total consideration of MYR1.00. As a result of the acquisition, GCP has become a direct wholly-owned subsidiary of GHL. GCP was incorporated on July 17, 2002 with an authorised share capital of MYR5,000,000.00 comprising 5,000,000 ordinary shares of MYR1.00 each and the issued and paid-up capital of MYR1,250,000.00 comprising 1,250,000 ordinary shares of MYR1.00 each. The principal activities of GCP are those of third party acquirer for e-debit and MEPS cash transactions, sales and rental of Electronic Data Capture (EDC) equipment and its related software and services, inclusive of installation, training and maintenance. 

Company Quote

0.015 +2.21%
19 Dec 2014