JOHORE TIN BERHAD (“JTB” or “the Company”) Subscription of Additional Shares in “ABLE PACKAGING” S.A.P.I. DE C.V. (“ABLE PACKAGING”), Mexico, by Able Dairies Sdn Bhd. (“ABLE DAIRIES”), a wholly-owned subsidiary of JTB.
| JOHORE TIN BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description |
JOHORE TIN BERHAD ("JTB" or "the Company")
Subscription of Additional Shares in "ABLE PACKAGING" S.A.P.I. DE C.V. ("ABLE PACKAGING"), Mexico, by Able Dairies
Sdn Bhd. ("ABLE DAIRIES"), a wholly-owned subsidiary of JTB.
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The Board of Directors of JTB (“the Board”) wishes to announce that Able Dairies Sdn. Bhd. (Co. No. 765074-D) (“Able Dairies”), a wholly-owned Subsidiary of JTB, had on 13 December 2018 subscribed of additional 51,701 (Fifty One Thousand Seven Hundred And One) ordinary and nominative shares, each with face value of $100.00 (One Hundred Pesos 00/100 Mexican Currency) on its equivalent to the amount of USD $253,463.27 (Two Hundred Fifty Three Thousand Four Hundred and Thirty Six Dollar 27/100 legal currency in the United States of America) representing 51% equity in ABLE PACKAGING.
HIGHEST PERCENTAGE RATIO Based on the latest audited financial statements of JTB for the financial year ended 31 December 2017, the highest percentage ratio applicable to the acceptance of this Investment pursuant to Paragraph 10.02(g) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad is 0.36%. .
DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or major shareholders of JTB and/or persons connected to the Directors and/or major shareholders of JTB have any interest, direct or indirect, in the transaction.
This Announcement is dated 14 December 2018. |
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Announcement Info
| Company Name | JOHORE TIN BERHAD |
| Stock Name | JOHOTIN |
| Date Announced | 14 Dec 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13122018-00093 |