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