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Ken Holdings Bhd's Shah Alam Property Development Announces Acquisition Of 100% Equity Interest In Swift Frontiers Sdn. Bhd

Friday, 29 Mar 2013 05:13am EDT 

Ken Holdings Bhd announced that the proposed property management activity for Ken Rimba Jimbaran Residences, Shah Alam property development project with the acquisition of two ordinary shares of RMB1 each representing 100% equity interest in Swift Frontiers Sdn. Bhd. (SFSB) by wholly owned subsidiary, Ken Rimba Sdn. Bhd. (KRSB) for a cash consideration of RMB2 (Acquisition). The Acquisition would render SFSB to be a wholly owned subsidiary of KHB as KRSB, immediate holding company, is a 100% owned subsidiary of Ken Projects Sdn. Bhd. which is in turn a wholly owned subsidiary of KHB. Mr. Tan Bon Sin, Mr. Tang Kam Chee and Mr. Tan Moon Hwa have been nominated to sit on the Board of SFSB. SFSB property management services shall cover completed properties handedover by KRSB for Ken Rimba Jimbaran Residences project in Shah Alam, Selangor. 

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18 Dec 2014