The Company informs that a wholly-owned subsidiary with the name of APM Corporate Services Sdn Bhd has been incorporated under the Companies Act, 1965 on 23 November 2009.
The new company has an authorized share capital of RM100,000 made up of 100,000 shares of RM1.00 each and an issued and paid-up share capital of RM2.00. It will provide management services to the Company’s group of subsidiaries.
The incorporation will have no material effect on the earnings and net assets of the Company for financial year ending 31 December 2009 and none of the directors or major shareholders or persons connected with them, has an interest direct or indirect in the incorporation.