Purchase Of Subsidiary Companies
BackMar 11, 2004
| General Announcement Reference No RP-040311-63411 |
| Company Name | : | RELIANCE PACIFIC BERHAD |
| Stock Name | : | RPB |
| Date Announced | : | 11/03/2004 |
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| Type | : | Announcement |
| Subject | : | Purchase of subsidiary companies |
Contents :
We refer to the above and we are pleased to inform you the purchase of the following "shelf companies":-
1.0 Avillion Hotels Marketing Sdn Bhd ("AHM") - (Co. No. 638456 P)
AHM was purchased on 11 March 2004 at a consideration of RM2.00. The authorised and paid up capital of AHM is RM100,000.00 and RM2.00 respectively.
AS was purchased on 11 March 2004 at a consideration of RM2.00. The authorised and paid up capital of AS is RM100,000.00 and RM2.00 respectively.
There is no material effects on RPB's group earnings per share and net tangible assets per share for the financial year ending 31st March 2003 in respect of the above transactions.There is no directors or substantial shareholders interest in respect of the aforesaid transactions. No government authorities approval is required.
Rationale
The above companies will be used as future investment vehicles within the RPB Group.
Bursa Announcement
