Purchase of a subsidiary company - Vector Junction Sdn Bhd
Announcement Details/Table Section :
On 20 May 2011, RPB Development Sdn Bhd, a wholly owned subsidiary of Reliance Pacific Berhad, purchased a company named Vector Junction Sdn Bhd (941805 M) for a total consideration of RM2.00
Vector Junction Sdn Bhd has an authorised and paid up share capital of RM100,000 and RM2.00 respectively.
The rationale for the acquisition is for future investment.
There is no material effects on RPB's group earnings per share and net tangible assets per share for the financial year ended 31 March 2012.
There are no directors or substantial shareholders' interest in respect of the aforesaid transaction.
There are no government authorities' approval, shareholders' approval and any other approvals required.
