COMPLETION OF THE DISPOSAL OF 65,000 ORDINARY SHARES EQUIVALENT TO 65% EQUITY INTERESTS IN NIRVANA MEMORIAL PARK (KUCHING) SDN. BHD. (“NIRK”) TO CHUNG KIAW GARMENTS SDN. BHD. ("CKG")

NV MULTI CORPORATION BERHAD

TypeAnnouncement
SubjectCOMPLETION OF THE DISPOSAL OF 65,000 ORDINARY SHARES EQUIVALENT TO 65% EQUITY INTERESTS IN NIRVANA MEMORIAL PARK (KUCHING) SDN. BHD. (“NIRK”) TO CHUNG KIAW GARMENTS SDN. BHD. ("CKG")
ContentsFurther to the announcement made by NV Multi Corporation Berhad (“NV Multi”) on 23 May 2006 pertaining to the above, the Board of Directors of NV Multi is pleased to announce that NV Multi has on 23 April 2009 completed the disposal of its entire interests of 65% in NIRK.

Upon completion of the said disposal, NIRK and its wholly owned subsidiary, Anglosa Development Sdn. Bhd., ceased to be the subsidiaries of NV Multi.

The disposal will result in a gain of approximately RM1.8 million for the financial year ending 31 December 2009.

This announcement is dated 23 April 2009.


Announcement Info

Company NameNV MULTI CORPORATION BERHAD  
Stock Name NVMULTI    
Date Announced23 Apr 2009  
CategoryGeneral Announcement
Reference NoNM-090420-61493