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Olympia Industries Berhad Announces Re-Organisation Of Group Structure

Thursday, 19 Sep 2013 08:00pm EDT 

Olympia Industries Berhad announced that the Company had on September 20, 2013 disposed of its entire equity interest consisting of two ordinary shares of MYR1.00 each in Global Administration Sdn Berhad (GASB) to Dairy Maid Resort & Recreation Sdn Berhad (DMRR) for a total cash consideration of MYR2.00. GASB and DMRR are both wholly-owned subsidiaries of Olympia. GASB was incorporated on July 7, 2008 and its authorised and paid-up share capital are MYR100,000 and MYR2 respectively. The intended principal activity of GASB is provision of property management services. 

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