|Contents||The Board of Directors of NV Multi Corporation Berhad (“NV Multi”) wishes to announce that NV Multi has on 28 October 2008 acquired one (1) ordinary share of US$1.00 in the capital of Oasis City Holdings Limited (“OCH”) for a cash consideration of US$1.00. |
OCH was incorporated in British Virgin Island on 8 July 2008. The intended activities of OCH are investment holding and provision of management services.
The acquisition of OCH 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 2008.
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 acquisition.
This announcement is dated 28 October 2008