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Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions

BackJul 17, 2017
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description

SUBSCRIPTION OF SHARES IN SIGNATURE OFFICE PROPERTY INC.

Knusford Berhad (“KB”) wishes to announce that its wholly-owned subsidiary, Knusford Project Management Sdn Bhd (“KPM”) had subscribed for 2,999,999 ordinary shares of PHP 1.00 each for the incoporation of Signature Office Property Inc., Philippines ("SOPI") for a cash consideration of PHP 2,999,999.00 representing 30 % of the total issued and paid-up share capital of SOPI.

The Certificate of Registration of SOPI was issued by the Philippines Securities and Exchange Commission on 13 July 2017 and was received on 17 July 2017. SOPI has an Authorised and Issued paid-up share capital of PHP 10,000,000.00 comprising 10,000,000 ordinary shares of PHP 1.00 each. SOPI's proposed business activity is investment holding.

The shareholders of SOPI are as follows;

Name
Nationality
No. of Shares Subscribed
Amount Subscribed (PHP)
Jaime Enrique Y. Gonzalez

Filipino

3,999,998

3,999,998.00

Jade Empire Investments Limited 

Hong Kong

2,999,999

2,999,999.00

Knusford Project Management Sdn Bhd
 

Malaysian

2,999,999

2,999,999.00

Jean Guy Larochelle

Canadian

1

1.00

Lim Chen Herng

Malaysian

1

1.00

Jose Voltaire A. Bautista

Filipino

1

1.00

Violeta S. Reyes

Filipino

1

1.00

TOTAL

 

10,000,000

10,000,000.00

 

Mr. Lim Chen Herng is a director in KB, KPM and SOPI.

This announcement is dated 17 July 2017.





Announcement Info

Company Name KNUSFORD BERHAD
Stock Name KNUSFOR
Date Announced 17 Jul 2017
Category General Announcement for PLC
Reference Number GA1-02052017-00064

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