The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH”) informs that the Group has incorporated two (2) new wholly-owned subsidiaries (“Subsidiaries”), the particulars of which are set out in the table below, under the Labuan Companies Act, 1990:
|
No.
|
Name of Company
|
Date of Incorporation
|
Issued and
Paid-Up Capital
|
Shareholder
|
Principal Activity
|
|
1.
|
TC Manufacturing (Labuan) Pte Ltd
|
30 March 2012
|
USD1.00
|
TC Manufacturing Holdings Sdn Bhd
(a wholly-owned subsidiary of TCMH)
|
Investment holding
|
|
2.
|
TCMSC (Labuan) Pte Ltd
|
30 March 2012
|
USD1.00
|
TC Management Services Corporation Sdn Bhd
(a wholly-owned subsidiary of TCMH)
|
Investment holding
|
The incorporation of the above Subsidiaries has no material effect on the earnings, gearing and net assets of the Group for the financial year ending 31 December 2012.
|
