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SEAL Incorporated Bhd Announces Acquisition Of Subsidiary

Monday, 24 Jun 2013 07:05am EDT 

SEAL Incorporated Bhd announced that the Company has acquired 51% of ordinary shares of MYR1 each representing 51% of the total issued and paid up share capital of Sektor Bonanza Sdn Bhd (SBSB) for a total consideration of MYR51.00 resulting in SBSB becoming a subsidiary of SEAL. SBSB was incorporated on May 13, 2013 and is presently dormant. Its authorised and paid up share capital are MYR400,000 and MYR100 respectively. The acquisition of SBSB is not expected to have any material effect on the earnings per share, net assets or share capital of SEAL. 

Company Quote

0.045 +6.98%
19 Dec 2014