The Board of Directors of High5 wishes to announce
that the Company had on 15 October 2014 received the Certificate of
Incorporation (Form 9) dated 14 October 2014 from the Companies Commission
of Malaysia on the incorporation of a subsidiary namely "High-5
Retail Sdn Bhd" (Company No: 1113301-T) ("HRSB").
HRSB is a private limited company incorporated in
Malaysia with an authorised share capital of RM400,000.00 divided into 400,000
ordinary shares of RM1.00 each of which 2 ordinary shares have been issued and
fully paid-up. The principal activity of HRSB is that of sales and
distribution of goods and as the date of this announcement, is a dormant
company.
As at the date of incorporation, the first
directors of HRSB are Chew Chong Eu and Dawin Tang Keng Wai and the first
subscribers are High5 and Chew Chong Eu. The transfer of one (1) subscriber’s
share of RM1.00 each held by Chew Chong Eu to High5 was completed on 15
October 2014.
The investment in HRSB is wholly in cash and will
not have any material effect on the earnings per share or net assets
of High5 for the financial year ending 31 October 2014.
None of the Directors and/or major shareholders of
the Company and persons connected with such Directors and/or major
shareholders have
any interest, direct or indirect, in the above.
This announcement is dated 15 October 2014.