SILVER RIDGE HOLDINGS BHD. SILVER RIDGE Holdings Bhd announced that on 1 June 2023, the Company had incorporated a new subsidiary known as TOTAL SR WEB 3.0 SDN. BHD. The paid-up share capital of TSWSB is MYR 1,000 made up of 1,000 Ordinary Shares at a price of MYR 1.00 each per share.
The nature of business of TSWSB is provision of blockchain technology, development of decentralised autonomous organizations, decentralised finance model, non-t tangible tokens, project management and provision of consultation in respect to web 3.0, and other technology matters. The issued and paid-up share capital is MYR 2,970,000 comprising of 252,945,000 ordinary shares. The nature business of TSWSB is an investing holding company.
The Directors and Shareholder(s) of TGB are as follows:
ii) Dato' Khoo Yik Chou. Shareholders. i) Goh AhNew.
500,000 (0.20%) ii) Dato' KhOO Yik Chou.252,000 (99.80%) Rationale for the Incorporation. The Incorporation will enhance and expand the Group's revenue base and source. In the rapidly evolving technological landscape, the advent of Web 3.0 represents an unparalleled opportunity for creating a new business venture.
Web 3.0, often referred to as the "semantic" or "intelligent" web, brings a new level of interaction and integration for users and technologies, employing AI, machine learning, blockchain, and IoT technologies. Establishing a subsidiary focused on Web 3.0 not only align with the trajectory of technological progression, but it also presents significant potential for growth of whole SRHB. It allows the subsidiary to leverage the decentralized, user-centric nature of Web 3.0 to offer solutions that promote privacy, data security, and personalization.
Moreover, such a venture would have the capacity to shape the future of internet use, bridging the gap between complex technology and user-friendly interfaces, and thus, creating more efficient, intelligent, and intuitive digital experiences.
