The Board of Directors of XIAN LENG wishes to announce that XIAN LENG has aquired the entire issued and paid-up capital of RM2.00 in Xian Leng Aquatic (Shah Alam) Sdn. Bhd. ["XLA (Shah Alam)"] comprising of two (2) Ordinary shares of RM1.00 each at par at a cash consideration of RM1.00 per share.
XLA (Shah Alam) was incorporated on 9 April, 2002 as a private limited company under the Companies Act, 1965. The authorised share capital and paid-up capital is RM100,000/- and RM2/- respectively. Since its incorporation, XLA (Shah Alam) has been dormant.
None of the Directors and substantial shareholders of XIAN LENG have any direct or indirect interest in the said acquisition.
This Announcement is dated 26 August, 2002.