ROTARY ENGINEERING LIMITED
(Company Registration Number: 198000255E) (Incorporated in Singapore)
ESTABLISHMENT OF ROAR ASSET MANAGEMENT PTE LTD
The Directors of Rotary Engineering Limited (the "Company")
wishes to announce that it has incorporated a subsidiary
known as Roar Asset Management Pte Ltd (the "Subsidiary") in
Singapore. The registered capital of the Subsidiary is
S$250,000 (Two Hundred and Fifty Thousand Singapore Dollars).
The Subsidiary which operates principally in Singapore, is in
the business of providing management services in relation to
assets and businesses owned by the Company.
The Company holds 100% of the entire issued and paid-up share
capital of the Subsidiary. The above incorporation will be
fully funded through internal funds and is not expected to
have any significant impact on the net tangible assets and
earnings per share of the Company for the current financial
year.
None of the directors or controlling shareholders of the
Company has any interest, direct or indirect in the above
investment.
By Order of the Board
Chia Kim Piow
Executive Chairman
27 March 2012
distributed by | This press release was issued by Rotary Engineering Limited and was distributed, unedited and unaltered, by noodls on 2012-03-28 10:14:15 AM. The issuer is solely responsible for the accuracy of the information contained therein. |