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MarketScreener Homepage  >  Equities  >  Singapore Stock Exchange  >  Challenger Technologies Limited    573   SG1O97915910

CHALLENGER TECHNOLOGIES LIMITED

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Challenger Technologies : New Subsidiary

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09/01/2016 | 06:43am EDT
CHALLENGER TECHNOLOGIES LIMITED (THE "COMPANY") Company Registration No.: 198400182K INCORPORATION OF SUBSIDIARY IN MALAYSIA - HACHI MY SDN. BHD.

The Board of Directors of Challenger Technologies Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that its wholly-owned subsidiary, Challenge Ventures Pte. Ltd., has incorporated the following wholly-owned subsidiary (the "New Subsidiary") in Malaysia:

  1. Name : Hachi MY Sdn. Bhd.

  2. Initial and paid up capital : MYR 2.00

  3. Total number of shares issued : 2

  4. Principal business : Trading/ retailing/ distribution and online

trading of IT and lifestyle products and services

The initial investment of the New Subsidiary was funded through the Group's internal resources and is not expected to have any significant effect on the consolidated net tangible assets and earnings per share of the Company and the Group for the current financial year.

None of the Directors, controlling shareholders or substantial shareholders of the Company has an interest, direct or indirect in the aforesaid incorporation of the New Subsidiary, other than through their shareholdings in the Company if any.

By Order of the Board

Chia Foon Yeow Company Secretary 1 September 2016

Challenger Technologies Ltd. published this content on 01 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 September 2016 10:43:07 UTC.

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Managers
NameTitle
Leong Thye Loo Chief Executive Officer & Executive Director
Wee Ko Tan Chief Financial Officer & Executive Director
Yoon Siong Woon Group Chief Technology Officer
Chee Weng Ng Independent Non-Executive Director
Chay Boon Tan Independent Non-Executive Director
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