OTHERS XIAN LENG HOLDINGS BERHAD ("XIANLNG" OR THE COMPANY) - SUBSCRIPTION THE ENTIRE ISSUED AND PAID-CAPITAL OF GLOBAL XL ENGINEERING SDN. BHD. FOR 1 ORDINARY SHARE OF RM1.00

XIAN LENG HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
XIAN LENG HOLDINGS BERHAD ("XIANLNG" OR THE COMPANY) - SUBSCRIPTION THE ENTIRE ISSUED AND PAID-CAPITAL OF GLOBAL XL ENGINEERING SDN. BHD. FOR 1 ORDINARY SHARE OF RM1.00

Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that Xianlng had on 10 December 2018 subscribed for the entire issued and paid-up capital of Global XL Engineering Sdn Bhd (“GXLESB”) consisting of 1 ordinary share for RM1.00.

 

GXLESB is a private limited company incorporated under the Companies Act, 2016 on 10 December 2018. The principal business activity of GXLESB will be in building construction and engineering works.

 

The purpose of incorporation of GXLESB is for the preparation of draft Subcontractor Services Agreement which related to the Bursa Announcement dated 15 October 2018.

 

This subscription will not have any material effect on the earnings and net assets of the Xianlng Group for the financial year ending 31 January 2019. 

 

 

This announcement is dated 11 December 2018.

 

 






Announcement Info

Company Name XIAN LENG HOLDINGS BERHAD
Stock Name XIANLNG
Date Announced 11 Dec 2018
Category General Announcement for PLC
Reference Number GA1-06122018-00090