Incorporation of a wholly-owned subsidiary

NV MULTI CORPORATION BERHAD

TypeAnnouncement
SubjectIncorporation of a wholly-owned subsidiary
ContentsThe Board of Directors of NV Multi Corporation Berhad (“NV Multi”) wishes to announce that NV Multi has on 10 August 2010 incorporated Nirvana Holdings Berhad (“NVHB”) as a wholly-owned subsidiary of the Company. The present issued and paid-up capital of NVHB is RM2.00 divided into two (2) ordinary shares of RM1.00 each, and its intended activities are development of memorial park and provision of management services.

The incorporation of NVHB is not expected to have any material effect on the earnings, net assets, and gearing of the NV Multi Group for the current financial year ending 31 December 2010. None of the Directors, major shareholders of NV Multi and/or person connected with them has any interest, direct or indirect, in the said incorporation.

This announcement is dated 12 August 2010.


Announcement Info

Company NameNV MULTI CORPORATION BERHAD  
Stock Name NVMULTI    
Date Announced12 Aug 2010  
CategoryGeneral Announcement
Reference NoNM-100811-66655