|Contents||The Board of Directors of NV Multi Corporation Berhad ("NV Multi") wishes to announce that NV Multi has on 7 November 2007 through its wholly-owned subsidiary, NV Multi Corporation (Singapore) Pte. Ltd., a company incorporated in Singapore, formed a 70%-owned subsidiary, Nirvana Memorial Garden Pte. Ltd. ("NMG") with a paid-up capital of S$100 divided into 100 ordinary shares of S$1.00 each.|
The intended activity of NMG is sales of bereavement products and services.
The incorporation of NMG is not expected to have any material effect on the share capital, earnings, net assets and gearing of NV Multi Group for the current financial year ending 31 December 2007.
To the best of the knowledge of NV Multi, none of the Directors and/or major shareholders of NV Multi and/or persons connected with them has any interest, whether direct or indirect, in the incorporation.
This announcement is dated 7 November 2007.