The Board of Directors of AJR wishes to announce that the Company has incorporated a new wholly-owned subsidiary in Singapore under the name of Ann Joo Metal (Singapore) Pte Ltd. ("AJMSG").

INFORMATION ON NEW SUBSIDIARY

AJMSG was incorporated on 6 January 2012 with an issued and paid-up capital of S$1.00.

RATIONALE

AJMSG is set up to facilitate trading, retailing, importing, exporting and supplying of all kinds of metal products outside Malaysia.

FINANCIAL EFFECTS

The incorporation of AJMSG is wholly by way of cash and is not expected to have any material effect on the earnings and net assets of the AJR Group for the financial year ending 31 December 2012.

DIRECTORS AND SUBSTANTIAL SHAREHOLDERS' INTERESTS

None of the Directors, substantial shareholders and/or persons connected with any of them has any direct or indirect interest in the incorporation of AJMSG.

APPROVALS REQUIRED

The above incorporation is not subject to the approval of the shareholders of the Company or any other relevant authorities.

STATEMENT BY DIRECTORS

The Directors are of the opinion that the above incorporation is in the best interest of the AJR Group.

This announcement is dated 6 January 2012.

distribué par

Ce noodl a été diffusé par AJR - Ann Joo Resources Bhd et initialement mise en ligne sur le site http://www.annjoo.com.my. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-06 11:40:08 AM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.