Jadi Imaging Technologies Sdn Bhd Jadi Imaging Holdings Berhad ("JADI" or "the Company") - Acquisition of a 50% Equity Interest in Jadi Chemicals Sdn Bhd by the Company’s Wholly-Owned Subsidiary, Jadi Imaging Technologies Sdn. Bhd. - Jadi Imaging Technologies Sdn Bhd

Jadi Imaging Holdings Berhad (“JADI” or “the Company”) – Acquisition of a 50% Equity Interest in Jadi Chemicals Sdn Bhd by the Company’s Wholly-Owned Subsidiary, Jadi Imaging Technologies Sdn. Bhd.

May 19, 2009 at 6:00 pm
Type
:
Announcement
Subject
:
Jadi Imaging Holdings Berhad (“JADI” or “the Company”)
– Acquisition of a 50% Equity Interest in Jadi Chemicals Sdn Bhd by the Company’s Wholly-Owned Subsidiary, Jadi Imaging Technologies Sdn. Bhd.
Contents
:
The Board of Directors of JADI wishes to announce that Jadi Imaging Technologies Sdn Bhd (“JITSB”), a wholly-owned subsidiary of JADI, had, on 19 May 2009, acquired one (1) ordinary share of RM1.00 in the issued and paid-up share capital of Jadi Chemicals Sdn Bhd (“JCSB”) from Ms Lee Huey Fen, representing a 50% equity interest in JCSB for a total cash consideration of RM1.00.

With the acquisition, JCSB is now a wholly-owned subsidiary of JITSB, which in turn a wholly-owned subsidiary of JADI.

None of the Directors or major shareholders of the Company, or persons connected with them, have any interest, direct or indirect, in the acquisition, and the approval of shareholders is not required.

This announcement is dated 19 May 2009.

Announcement Details :