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Provider: Affin Hwang Investment Bank Bhd

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YTL Power International Bhd Announces Incorporation Of Subsidiary

Thursday, 24 Oct 2013 05:38am EDT 

YTL Power International Bhd announced that it has acquired 2 ordinary shares, representing the entire issued and paid-up share capital of Tunas Madani Sdn Bhd (TMSB) at par value of MYR1.00 per share (the Acquisition). As a result of the Acquisition, TMSB has become a subsidiary of the Company. TMSB was incorporated on October 10, 2013 and presently has an authorized share capital of MYR400,000 comprising 400,000 ordinary shares of MYR1.00 each. TMSB will be principally involved in investment holding. 

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