OTHERS Acquisition 51% Equity Capital of Evergreen Agro Sdn Bhd

OTHERS Acquisition 51% Equity Capital of Evergreen Agro Sdn Bhd


Acquisition 51% Equity Capital of Evergreen Agro Sdn Bhd

Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Evergreen Fibreboard Berhad ("EFB") wishes to announce that the Company has on 05 September 2016 acquired the remaining 51 ordinary shares of RM1.00 each in its associates Company, Evergreen Agro Sdn Bhd (Co. No. 942013 D) ("EASB") representing 51% of the total issued and paid up capital of EASB for a total cash consideration of RM51.00 ("Acquisition").

Upon Acquisition, EASB becomes a wholly-owned subsidiary company of EFB.

EASB was incorporated on 25 April 2011 and it is a dormant company. The intended activity of EASB is principally engaged in the cultivation of rubber trees The authorised share capital of EASB is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each and the paid-up share capital is RM100.00 divided into 100 ordinary shares of RM1.00 each. The Directors of EASB are Mary Henerietta Lim Kim Neo (f), Kuo Jen Chiu and Kuo Jen Chang.

The Acquisition would not have material effect on EFB Group's earnings per share, net assets per share, gearing, share capital and substantial shareholders' shareholding for the financial year ending 31 December 2016.

None of the Directors and persons connected to the Directors and/or Major Shareholders of the Company has any interest, direct or indirect in EASB.

This announcement is dated 05 September 2016.


Announcement Info

Date Announced05 Sep 2016
CategoryGeneral Announcement for PLC
Reference NumberGA1-26082016-00022