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OTHERS VORTEX CONSOLIDATED BERHAD [SKH Consortium Berhad] ("VORTEX" or "THE COMPANY") - Incorporation of a new wholly-owned subsidiary, VDex Limited (Incorporated in Labuan)

VORTEX CONSOLIDATED BERHAD

Type Announcement
Subject OTHERS
Description
VORTEX CONSOLIDATED BERHAD [SKH Consortium Berhad] ("VORTEX" or "THE COMPANY")
-  Incorporation of a new wholly-owned subsidiary, VDex Limited (Incorporated in Labuan)

Pursuant to Paragraph 9.19(24) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Vortex wishes to announce that the Company has incorporated a new wholly-owned subsidiary, namely VDex Limited (“VDex”).

 

VDex is incorporated in Labuan on 15 July 2019 under the Labuan Companies Act 1990 with an issued share capital of USD2.00 divided into 2 ordinary shares and it is 100% owned by Vortex.   

The directors of VDex are Mr. Goh Eugene and Mr. Kamari Zaman Bin Juhari; and its intended activity is provision of financial services in relation to money broking business.   

 

The incorporation of VDex is not expected to have any material effect on the earnings or net assets of Vortex.

 

None of the directors or substantial shareholders of Vortex or persons connected to them have any interest, direct or indirect, in the incorporation of VDex, save except through Vortex.

 

 

This announcement is dated 15 July 2019.






Announcement Info

Company Name VORTEX CONSOLIDATED BERHAD
Stock Name VC
Date Announced 15 Jul 2019
Category General Announcement for PLC
Reference Number GA1-15072019-00054