VGO Corporation Ltd. Announces Incorporation Of Loama Uthurumaafaru Development Pte Ltd

VGO Corporation Ltd. announced that it has incorporated a subsidiary. The subsidiary is known as Loama Uthurumaafaru Development Pte Ltd (“LUDPL”). VGO will own 75% of the issued share capital together with Mr Eric Chin Keng Hui and Mr Shimhaz Hussain each holding 7.5% of shareholding and Mr Waheed Ahmed holding 10%. LUDPL, which is incorporated in Singapore, has a paid-up capital of SGD1000.00. The principal activities of LUDPL are those of development & management of resorts, hotels & spas and ancillary services relating to hospitality industry. None of the directors or substantial shareholders of the Company has an interest, direct or indirect in the above transaction.