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Tecnic Group Bhd Announces Acquisition Of New Subsidiary Company

Thursday, 16 May 2013 05:02am EDT 

Tecnic Group Bhd announced that Tecnic had on May 16, 2013, acquired the entire issued and paid-up share capital of Marn Fern Industry Sdn. Bhd, a private limited incorporated in Malaysia under the Companies Act, 1965 on March 20, 2013, with an authorised share capital of MYR100,000.00 comprising 100,000 ordinary shares of MYR1 each, of which two ordinary shares of MYR1 each have been issued and fully paid-up, for cash consideration of MYR2 (Acquisition). Pursuant to the Acquisition, Marn Fern Industry becomes a wholly owned subsidiary of Tecnic. 

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4:57am EDT