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Ingenuity Consolidated Bhd increases equity participation in Uptown Excel Sdn. Bhd


Thursday, 3 Jul 2014 08:00pm EDT 

Ingenuity Consolidated Bhd:Increased investment in capital of Uptown Excel Sdn. Bhd. (UESB) from 2 ordinary shares of 1 Ringgit each (represented 100 pct equity in UESB) to 51 ordinary shares of 1 Ringgit each (representing 51 pct equity in UESB).Increased by way of cash subscription of 49 shares of 1 Ringgit each at par in capital of UESB.Thereby UESB has become 51 pct owned subsidiary of INGENCO instead of wholly-owned subsidiary previously.Remaining 49 pct equity participation in UESB is held by Chinese citizen. 

Company Quote

0.06
0.0050 +9.09%
19 Dec 2014