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The Board of Directors of Bonia Corporation Berhad (“Bonia” or “the Company”) wishes to announce that the Company has on 6 April 2009 transfer it’s entire equity interest in Kin Sheng International Trading Co Ltd (“KSIT”) to Kin Sheng Group Limited (“KSG”) for a total cash consideration of HKD10,000 (“the Transfer”)
The current principal activity of KSIT is general trading and marketing of fashionable goods. It’s current authorised share capital is HKD10,000.00 of which all the share capital has been issued and fully paid-up.
The Transfer is for Bonia to rationalize its group structure. It 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 2009.
None of the Directors or major shareholders or persons connected to the Directors or major shareholders of the Company have any interest, direct or indirect, in the Transfer.
This announcement is dated 6 April 2009. |
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