The Board of Directors of NV Multi Corporation Berhad ("NV Multi") wishes to announce that it has on 2 May 2002 acquired the entire issued and paid-up share capital of RM2.00 in Quality Purpose Sdn Bhd (577732-W)("QP"), a company incorporated in Malaysia, at a purchase consideration of RM2.00 only.
QP was incorporated on 19 April 2002. The authorised share capital of QP is RM100,000 comprising of 100,000 ordinary shares of RM1.00 each.
QP is presently a dormant company.
None of the Directors, substantial shareholders and persons connected with Directors and substantial shareholders of NV Multi has any interest, whether direct or indirect in the above said acquisition.
This announcement is dated 8 May 2002.