TAWIN

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OTHERS TA WIN HOLDINGS BERHAD ("TA WIN" OR THE "COMPANY") - INCORPORATION OF A NEW SUBSIDIARY

TA WIN HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
TA WIN HOLDINGS BERHAD ("TA WIN" OR THE "COMPANY") 
- INCORPORATION OF A NEW SUBSIDIARY

The Board of Directors of Ta Win wishes to announce that the Company's wholly-owned subsidiary, Ta Win Industries (M) Sdn. Bhd. ("TWI"), had on 22 October 2021 incorporated a private limited company in Malaysia under the Companies Act 2016, namely, Ta Win Innotech Sdn. Bhd. (“TWInnotech”).

 

TWInnotech has an issued share capital of RM2.00 comprising 2 ordinary shares which are held by TWI.

 

TWInnotech’s principal activities are manufacture of copper wires, copper rods, cables and trading of copper products.

 

The Directors of TWInnotech are as follows:-

(a)       Dato’ Sri Ngu Tieng Ung, JP; and

(b)       Mr. Tan Poo Chuan

 

The incorporation of TWInnotech is not expected to have any material effects on Ta Win and its subsidiaries’ earnings per share, net assets per share, and gearing as well as Ta Win’s share capital and substantial shareholders’ shareholding for the financial year ending 30 June 2022.

 

None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect in the aforesaid incorporation.

 

This announcement is dated 22 October 2021. 






Announcement Info

Company Name TA WIN HOLDINGS BERHAD
Stock Name TAWIN
Date Announced 22 Oct 2021
Category General Announcement for PLC
Reference Number GA1-22102021-00033