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Samchem Holdings Bhd Announces Acquisition Of Wholly-Owned Subsidiary In Malaysia - Samchem Enviro Cycle Sdn Bhd


Wednesday, 3 Jul 2013 08:00pm EDT 

Samchem Holdings Bhd announced that the Company has completed the acquisition of the remaining equity interest of 24% , representing 160,320 ordinary shares of MYR1 each in SAMCHEM ENVIRO CYCLE SDN BHD (SAMCHEM ENVIRO CYCLE) from Mr. Amirudin Bin Kasim and Madam Wee Chai Peng respectively for a total purchase consideration of MYR224,448.00 and satisfied by cash. After the above acquisition, SAMCHEM ENVIRO CYCLE becomes a wholly-owned subsidiary company. The authorised Share Capital of the Company was MYR1,000,000 divided into 1,000,000 ordinary shares of MYR1.00 each issued and paid-up Share Capital of MYR668,000 only divided into 668,000 ordinary shares of MYR1. The principal activity of the subsidiary is collecting, recycling and supplying reconditioned drums. 

Company Quote

0.75
0.05 +7.14%
22 Dec 2014