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Mah Sing Group Berhad Announces Acquisition Of Mediterranean View Development Sdn Bhd

Monday, 22 Apr 2013 05:43am EDT 

Mah Sing Group Berhad announced that Mah Sing had on April 22, 2013, acquired the entire issued and paid-up share capital of Mediterranean View Development Sdn Bhd (Mediterranean View), a private limited company incorporated in Malaysia under the Companies Act, 1965 on March 22, 2013, with an authorised share capital of RM100,000.00 comprising 100,000 ordinary shares of RM1.00 each, of which 2 ordinary shares of RM1.00 each have been issued and fully paid-up, for cash consideration of RM2.00 (Acquisition). Pursuant to the Acquisition, Mediterranean View becomes a wholly-owned subsidiary of Mah Sing. Mediterranean View is presently dormant. The Acquisition is to provide Mah Sing with a dormant company intended for future expansion of its core business in property development. 

Company Quote

0.02 +0.82%
22 Aug 2014