Refrence is made to the Company's announcement dated 12 July 2017 in relation to the acquisition of 70% owned subsidiary company ("Announcement'). Unless otherwise defined, the definitions set out in the Announcement shall apply herein.

The Board of SCB wishes to provide the following additional information:

1.         Rationale for the Company to venture into healthcare business.

The Board of Directors of the Company is of the opinion that demand for healthcare services will keep increasing as the population of the country increases each year. Besides that, there is a shortage of hospitals throughout the country as announced by the Government. Hence, the Board of Directors believes that this is the right time to venture into the healthcare business.

2.         Background information of Amegajaya Ventures Sdn. Bhd. (“AVSB”)

Amegajaya Ventures Sdn. Bhd was incorporated on 1 March 2017 under the Companies Act 2016. As at the date of this announcement, AVSB has a paid-up share capital of RM30,000, comprising 30,000 ordinary shares of RM1-00 each.

The directors of AVSB are as follows:

The shareholders of AVSB are as follows:

The principal activities of AVSB are to carry on business of an investment holding company and for that purpose to acquire and hold shares, securities, properties, stocks, debentures, bonds, notes and all other forms of investments.

3.         The Source of Funding of Sinmah Amegajaya Healthcare Sdn Bhd (“SAHSB”)

For its immediate funding requirement, SAHSB will be issuing 99,998 ordinary shares of RM1-00 each to the following:

SAHSB will obtain additional funding through the above subscribers for its future requirements as and when required.

4.         SDSB’s experience and expertise in healthcare industry

SDSB has no experience and expertise in healthcare industry. However, the collaboration between SDSB and AVSB. in this business venture will enable SDSB to tap on the knowledge and expertise of Dr. Mohd Ismail Bin Abdul Hamid, who is a major shareholder of AVSB and also a director of Amegajaya Healthcare Sdn. Bhd. which is a registered medical planner under the Ministry of Finance.  

This announcement is dated 14 July 2017.