AMENDMENTS ON THE ANNOUNCEMENT PERTAINING TO JOINT VENTURE AGREEMENT BETWEEN NV MULTI CAPITAL SDN. BHD. AND MR. LIN JUI SHEN

Amended Announcements
Please refer to the earlier announcement reference number: NM-080424-53043

NV MULTI CORPORATION BERHAD

TypeAnnouncement
SubjectAMENDMENTS ON THE ANNOUNCEMENT PERTAINING TO JOINT VENTURE AGREEMENT BETWEEN NV MULTI CAPITAL SDN. BHD. AND MR. LIN JUI SHEN
ContentsFurther to our announcement dated 20 February 2008, the Board of Directors of NV Multi Corporation Berhad (“NV Multi”) wishes to announce that NV Multi Corporation (Taiwan) Ltd (“NVTw”), a 51%-owned subsidiary of NV Multi Capital Sdn Bhd (formerly known as Paramount Right Sdn. Bhd.) which is a 80%-owned subsidiary of NV Multi, has on 23 April 2008 received the notification on the approval from Taipei City Government, Taiwan to subscribe additional 20,000,000 shares at par value of New Taiwan Dollar (“TWD”) 10.00 each or equivalent to TWD200,000,000.00 in Chiuan An Tai Development Co. Ltd (“SPV”). Therefore, SPV becomes a 75%-owned subsidiary of NVTw with a paid-up capital of TWD400,000,000 divided into 40,000,000 shares of TWD10.00 each.

None of the Directors' and/or substantial shareholders of NV Multi or persons connected with them has any interest whether, direct or indirect, in the said subscription.

This announcement is dated 25 April 2008.


Announcement Info

Company NameNV MULTI CORPORATION BERHAD  
Stock Name NVMULTI    
Date Announced25 Apr 2008  
CategoryGeneral Announcement
Reference NoNM-080425-65766