The Board of Directors of Bonia Corporation Berhad ("Bonia" or "Company") wishes to inform that the Company had on 25 August 2011 acquired the entire equity interest in VISTA ASSETS SDN BHD ("VASB") comprising 2 ordinary shares of RM1.00 each for a total cash consideration of RM2.00 only from Mr Yap Kian Mun and Ms Lim Boon Huay who were also the directors of VASB ("Acquisition").

VASB is a dormant company and its authorised share capital is RM100,000 comprising of 100,000 ordinary shares of RM1.00 each, of which all have been issued and fully paid-up.

The intended principal activities of VASB are marketing and distribution of fashionable goods and accessories.

The Acquisition has no material effect on the earnings per share, net tangible assets per share, share capital and the substantial shareholdings of the Company for the financial year ending 30 June 2012.

None of the Directors or major shareholders or persons connected to the Directors or major shareholders of Bonia or its subsidiaries have any interest, direct or indirect, in the Acquisition.

This announcement is dated 26 August 2011.