Tan Chong Motor Holdings

News

Others

BackMar 07, 2019
Type Announcement
Subject OTHERS
Description
INCORPORATION OF NEW SUBSIDIARY, TC ITECH (LABUAN) PTE LTD, IN LABUAN FEDERAL TERRITORY MALAYSIA

The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) is pleased to inform that the Group has incorporated a wholly-owned subsidiary namely TC iTech (Labuan) Pte Ltd [“TC iTech (Labuan)”], the particulars of which are set out in the table below, under the Labuan Companies Act, 1990:

Name of Company

Date of Incorporation

Issued and Paid-Up Capital

Shareholder

Principal Activity

TC iTech (Labuan) Pte Ltd

  6 March 2019

USD1.00

TC iTech Sdn Bhd

 

Investment holding

 

The incorporation of TC iTech (Labuan) is not expected to have any material effect on the earnings, gearing or net assets of the Group for the financial year ending 31 December 2019.

None of the Directors and substantial shareholders of the Company and/or persons connected with them, has any interest, direct or indirect, in the incorporation of TC iTech (Labuan).

This announcement is dated 7 March 2019.





Announcement Info

Company Name TAN CHONG MOTOR HOLDINGS BERHAD
Stock Name TCHONG
Date Announced 07 Mar 2019
Category General Announcement for PLC
Reference Number GA1-02032019-00001