Incorporation Of New Subsidiary
BackMar 22, 2010
| Type | Announcement |
| Subject | INCORPORATION OF NEW SUBSIDIARY |
| Contents | The Board of Directors of Tan Chong Motor Holdings Berhad (“the Company”) informs that the Company has incorporated a wholly-owned subsidiary named Tan Chong Motorcycles (Labuan) Pte Ltd (“TCML”) under the Labuan Companies Act, 1990 on 19 March 2010 to cater for the Group’s business expansion needs. TCML is an investment holding company with a paid-capital of USD1/-. The formation of the above company has no material effect on the earnings, gearing and net assets of the Group for the financial year ending 31 December 2010. None of the directors or substantial shareholders has an interest, direct or indirect, in the formation of the new company. This announcement is dated 22 March 2010. |
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 22 Mar 2010 |
| Category | General Announcement |
| Reference No | TC-100322-43612 |