The Board of Directors of Bonia wishes to inform that the Company had on 23 October 2013, acquired a shelf company named Maha Asia Capital Sdn Bhd (“MAC”), comprising two (2) ordinary shares of RM1.00 each, representing 100% of the total issued and paid up share capital of MAC at a total cash consideration of Ringgit Malaysia  Two (RM2.00) only (the “Acquisition”).

MAC was incorporated on 7 October 2013 as a private company limited by shares in Malaysia under the Companies Act, 1965. MAC is currently dormant and has an authorised share capital of RM400,000.00 comprising 400,000 ordinary shares of RM1.00 each and paid up share capital of RM2.00 divided into two (2) ordinary  shares of RM1.00 each.

With the Acquisition, MAC has become a 100% owned subsidiary of Bonia on 23 October 2013. The intended business activity of MAC is property investment.

The Acquisition is funded by internal resources and is not expected to have any material effects on the earnings or net assets of the Company for the financial year ending 30 June 2014.

None of the Directors and to the best knowledge of the Directors, none of the major shareholders or person connected to them has any interest, direct or indirect in the aforesaid Acquisition.

This announcement is dated 24 October 2013.