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BackMar 15, 2018
Type Announcement
Subject OTHERS
Description

INTERNAL RE-ORGANISATION OF GROUP STRUCTURE

Pursuant to Paragraph 9.19(5) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and as part of the internal re-organisation of Kumpulan Perangsang Selangor Berhad’s (“Perangsang Selangor” or “Company”) group structure, the Board of Directors of Perangsang Selangor is pleased to announce that Multiview Enterprises Sdn Bhd (“Multiview”) has transferred its 100% ownership in Imej Harmoni Sdn Bhd (“Imej Harmoni”) to Pro Pulp Packages Sdn Bhd (“Pro Pulp”), on 15 March  2018 (“Internal Re-organisation”).

Multiview and Pro Pulp are the wholly-owned subsidiaries of Century Bond Bhd, which in turn is an indirect 98.98%-owned subsidiary of Perangsang Selangor.

The effect of the Internal Re-organisation on Imej Harmoni is presented below:

 

Before Internal Re-organisation

After Internal Re-organisation

Shareholders of Imej Harmoni

Multiview

Pro Pulp

No. of ordinary shares held

2

2

Issued Share Capital

RM2.00

RM2.00

The Internal Re-organisation was undertaken in order to streamline the Perangsang Selangor group structure and management.

The Internal Re-organisation will not have any effect on Perangsang Selangor’s issued share capital and substantial shareholders’ shareholdings. There shall be no material effect on the earnings, net assets or gearing of Perangsang Selangor for the financial year ending 31 December 2018.

None of the directors and/or major shareholders of Perangsang Selangor or persons connected to them, have any interest, whether direct or indirect, in the Internal Re-organisation.

This announcement is dated 15 March 2018.





Announcement Info

Company Name KUMPULAN PERANGSANG SELANGOR BERHAD
Stock Name KPS
Date Announced 15 Mar 2018
Category General Announcement for PLC
Reference Number GA1-15032018-00057