The Board of Directors of Hock Heng Stone Industries Bhd. (“the Company”) wishes to announce that the Company has acquired 75,001 ordinary shares (equivalent to 75% equity) in Dunia Batu Alam Sdn. Bhd. (Company No. 487236-X) (“DBA”) on 16 January 2012, for a total consideration of RM1,500.
DBA was incorporated on 30 June 1999 and its authorized capital is RM500,000 and paid-up share capital is RM100,002. Currently DBA is a dormant company and the intended principal activity is property investment.
None of the Directors and Major Shareholders of the Company or persons connected to them has any interest, direct or indirect in the acquisition of shares in DBA.
This announcement is dated 19 January 2012.