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BackDec 17, 2012
Type Announcement
Subject OTHERS
Description Freight Management Holdings Bhd ("the Company”) - Additional Investment in Citra Multimodal Services Sdn Bhd

Pursuant to the Company’s announcement made on 13 March 2012, the Board of Directors of the Company wish to announce that its wholly-owned subsidiary, Citra Multimodal Services Sdn Bhd (“Citra”) has subscribed for additional 127,400 ordinary shares of RM1.00 each at par for cash in its subsidiary company, Dependable Global Express Malaysia Sdn Bhd (“DGEM”) pursuant to the allotment of shares carried out by DGEM. Upon completion of the share allotment, DGEM shall be a 51%-owned subsidiary of Citra. The balance of 49% of DGEM are held by the following persons:-

 

 

 

Name

No. of Ordinary Shares of RM1.00 each

1.

David Marcus Gold

30,625

2.

Bradley James Dechter

28,175

3.

Ronald Earl Massman

34,300

4.

Zachary David Nice

29,400

 Total

122,500

 

The additional investment has no material impact on the share capital, earnings, gearing and net assets of the Company for the financial year ending 30 June 2013 but is expected to have a positive impact in the future earnings of the Company.


This announcement is dated 17 December 2012.

 

 

 


Announcement Info

Company Name FREIGHT MANAGEMENT HOLDINGS BERHAD  
Stock Name FREIGHT    
Date Announced 17 Dec 2012  
Category General Announcement
Reference No CK-121217-57015