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Tomei Consolidated Berhad Announces Internal Group Restructuring Plan


Thursday, 6 Oct 2011 06:45am EDT 

Tomei Consolidated Berhad announced that the Company had on October 6, 2011, as part of its internal group restructuring plan acquired 500,000 ordinary share of MYR 1.00 each in its indirect subsidiary company, Tomei Gold & Jewellery (Subang) Sdn Bhd, for a total cash consideration of MYR 3,585,259.96 from its subsidiary company, Tomei Gold & Jewellery (MJ) Sdn Bhd. The acquisition amounts to 100% of the entire paid up capital of Tomei Gold & Jewellery (Subang) Sdn Bhd therefore upon the acquisition, Tomei Gold & Jewellery (Subang) Sdn Bhd becomes a wholly owned subsidiary company of the Company. 

Company Quote

0.72
0.0050 +0.70%
22 May 2013