1. Introduction

CBHB is pleased to announce that on 27 March 2025, the Company incorporated a new subsidiary, CB Vantage Sdn Bhd (“CB Vantage”) with a total issued and paid up of 2 Ordinary Shares of RM1.00 each, for a cash consideration of RM2.00.


2. Information on CB Vantage

CB Vantage was incorporated in Malaysia on 27 March 2025 under the Companies Act, 2016. The authorised share capital of CB Vantage is RM2.00 consisting of 2 Ordinary Shares of RM1.00 each. The issued and paid-up share capital is RM2.00 divided into 2 Ordinary Shares of RM1.00 each.

CB Vantage’s principal activities is to carry on business in property development and investment holdings. CB Vantage has not commenced operation.


3. Effects of the Incorporation

The incorporation will not have a material impact on the Company's earnings or net tangible assets for the financial year ending 31 December 2025. Additionally, it will not affect the share capital or shareholders' shareholdings, as the incorporation is funded by cash
 

4. Approvals Required

The incorporation does not require approval from the authorities or the Company’s shareholders

5. Directors’ and Substantial Shareholders’ Interest

None of the directors and substantial shareholders of CBHB or persons connected to them have any interest, direct or indirect, in the incorporation.


6. Directors’ Statement

The Board of Directors of CBHB is of the opinion that the incorporation is in the best interest of the Company.


This announcement is dated 2 April 2025.