News

INTRODUCTION

The Board of Directors of Knusford Berhad ("the Company") wishes to announce that the Company had on 9 August 2012 acquired the entire issued and paid-up share capital of Knusford Autohaus Sdn Bhd ("KASB") from Madam Lim Sew Hua and Mr. Lim Chen Herng at a total purchase consideration of Ringgit Malaysia:  Two Only (RM2.00).


DETAILS OF KASB

KASB is a shelf company incorporated on 16 July 2012 with an Authorised and Issued and Paid-up share capital of RM100,000.00 and RM2.00 respectively and is currently dormant.


DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

Save for Tan Sri Dato' Lim Kang Hoo and Dato' Lim Kang Swee who are brothers of Madam Lim Sew Hua and father and uncle of Mr. Lim Chen Herng, none of other directors and/or major shareholders of the Company and/or the persons connected with them have any interest, direct or indirect in the Acquisition.