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The Board of Directors of Bonia Corporation Berhad (“Company” or “Bonia”) wishes to announce that Mcore Sdn Bhd ("Mcore"), the subsidiary company of Bonia had on 30 July 2009 acquired 50,000 ordinary shares of RM1.00 each representing 10% equity interest in Apex Marble Sdn Bhd (“AMSB”) from Mr Lee Poh Seong for a total cash consideration of RM1.00 only (“Acquisition”). The consideration was arrived at based on a willing buyer willing seller basis. The Acquisition is not subject to the approval of shareholders and the local relevant authorities.
AMSB was incorporated in Malaysia with an authorised share capital of RM1,000,000 comprising 1,000,000 ordinary shares of RM1.00 each of which 500,000 ordinary shares had been issued and fully paid-up. Its principal activities are marketing and distribution of fashionable goods in Vietnam market.
Prior to the Acquisition, Mcore was holding 90% equity interest in AMSB. Subsequent to the Acquisition, AMSB becomes a wholly owned subsidiary company of Mcore.
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 2010.
None of the Directors and major shareholders or persons connected to the Directors or major shareholders of Bonia and its subsidiaries have any interest, direct or indirect, in the Acquisition.
This announcement is dated 30 July 2009. |
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