Incorporation Of A New Subsidiary In Cambodia
BackJun 03, 2009
| Type | Announcement |
| Subject | Incorporation of a new subsidiary in Cambodia |
| Contents | The Board of Directors of the Company is pleased to announce that the Group has incorporated a company under the Law on Commercial Enterprises of the Kingdom of Cambodia with the name TAN CHONG MOTOR (CAMBODIA) PTY LTD [“TCM (Cambodia)”] to carry on the business in trading and marketing of motor vehicles. Approval from the Ministry of Commerce of Cambodia dated 28 May 2009 for the registration of TCM (Cambodia) was received by the Company on 3 June 2009. TCM (Cambodia) has an authorized and registered capital of 4,000,000 Riel (approximately USD1,000/-) represented by 1,000 ordinary shares, each having a par value of 4,000 Riel (approximately USD1/-). It is a wholly-owned subsidiary of ETCM (Labuan) Pty Ltd. ETCM (Labuan) Pty Ltd is s a wholly-owned subsidiary of Edaran Tan Chong Motor Sdn Bhd, which in turn is a wholly-owned subsidiary of Tan Chong Motor Holdings Berhad. The above formation of new company has no material effect on the earnings, net assets and gearing of the Group for the financial year ending 31 December 2009. None of the directors or major shareholders of the Company or persons connected with them, has an interest, direct or indirect, in the said formation of company. This announcement is dated 3 June 2009. |
Announcement Info
| Company Name | TAN CHONG MOTOR HOLDINGS BERHAD |
| Stock Name | TCHONG |
| Date Announced | 3 Jun 2009 |
| Category | General Announcement |
| Reference No | TC-090603-65329 |