TELECHOICE INTERNATIONAL LIMITED (REG. NO. 199802072R)
The Board of Directors of TeleChoice International Limited (the "Company") wishes to announce that it has increased its indirect shareholding in its indirect 51%-owned subsidiary, Sunway S&I Systems Sdn Bhd ("SSIS"), with its direct wholly-owned subsidiary, S & I Systems Pte Ltd, subscribing for 1,198,500 new ordinary shares of RM1.00 each in the issued and paid-up share capital of SSIS (the "Subscription"). Following the Subscription, the Company's percentage shareholding interest in SSIS remains unchanged at 51%.
The Subscription was funded in cash, at par, by the Company's internal sources of funds and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Company for the current financial year ending 31 December 2015.
None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the above transaction other than through their shareholding interests in the Company.
By Order of the Board
Lim Shuh Moh Vincent President
23 December 2015
TeleChoice International Ltd. issued this content on 2015-12-23 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2015-12-23 09:36:27 UTC
Original Document: http://telechoice.listedcompany.com/newsroom/20151223_171432_T41_TZCS21ZGRX2N4WKV.1.pdf
