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Further to the announcement to the Bursa Malaysia Securities Berhad on 9 December 2009 (Ref No. CU-091209-55046) where the Company had acquired 1 ordinary share in SESB for a cash consideration of RM1.00 only, FMH wishes to announce that the Company has on 1 July 2010 subscribed for 7,999 ordinary shares of RM1.00 each at par representing 80% of the enlarged issued and paid-up share capital of SESB for a total cash consideration of RM7,999.00.
The issued and paid-up capital of SESB after the subscription is RM10,000.00 divided into 10,000 ordinary shares of RM1.00 each. The authorised share capital of SESB is RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each.
On completion of the subscription, SESB would become a subsidiary of FMH.
Mr. Chew Chong Keat and Mr. Yang Heng Lam, Directors and substantial shareholders of FMH are also Directors of Symphony Express Sdn Bhd.
The subscription in SESB is not expected to have any material effect on the earnings or the net assets of the Company for the year ending 30 June 2011.
None of the directors or substantial shareholders of the Company, or persons connected to them, has any interest, direct or indirect, in the said subscription.
This announcement is dated 1 July 2010. |
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