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Keong Hong Holdings Ltd incorporates new subsidiary and new associated company


Friday, 25 Jul 2014 06:10am EDT 

Keong Hong Holdings Ltd:Incorporates new subsidiary called K.H.A. Resorts and Hotels Construction (Maldives) Private Limited (KHA Maldives).KHA Maldives was incorporated in Republic of Maldives with an authorised share capital of 500,000 ordinary shares of $1/- each, K.H. Land Pte. Ltd, a wholly-owned subsidiary of Keong Hong, will subscribe for 255,000 ordinary shares in KHA Maldives, representing 51 pct interest in KHA Maldives.Remaining 49 pct interest will be held by Hotels & Resort Construction Pvt Ltd (HRC).HRC was incorporated in the Republic of Maldives in 2007 which is engaged in the construction of island resorts.Principal activity of KHA Maldives is to undertake construction projects in the Republic of Maldives and overseas as well as to design, build and maintain tourist hotels and resorts in the Republic of Maldives and overseas.Says Pristine Islands Investments (Maldives) Private Limited (ristine Maldives) was incorporated in Republic of Maldives with an authorised share capital of 10,000 ordinary shares of $100/- each.Pristine Islands Investments Pte. Ltd., an associated company of Keong Hong, and Keong Hong Construction Pte. Ltd., wholly-owned subsidiary of Keong Hong will respectively subscribe for 9,900 shares and 100 shares in Pristine Maldives representing 99.9 pct and 0.01 pct respectively.Principal activity of Pristine Maldives is to own, develop, and operate airport, airport hotels and tourist resorts in the Republic of Maldives. 

Company Quote

0.375
0.0050 +1.35%
20 Oct 2014