Reference No KG-120126-7BCBD
Company Name | : | KNM GROUP BERHAD |
Stock Name | : | KNM |
Date Announced | : | 26/01/2012 |
Type : Announcement
Subject : OTHERS
Description : NEW SUBSIDIARY - ENERGY PARK INVESTMENTS LIMITED Announcement Details/Table Section :
KNM Group Berhad ("KNM") is pleased to announce that its
wholly owned subsidiary, KNM Project Services Limited
("KPSL"), had on 26 January 2012 completed the transfer of
310 shares of GBP1.00 each (representing 31% equity interest)
in Energy Park Investments Limited ("EPIL") for a total cash
consideration of GBP310.00 (approximately RM1,488.00) from
Peterborough Renewable Energy Limited ("PREL") (the
"Investment").
KPSL had initially taken a 49% equity stake in EPIL
(comprising 490 shares of GBP1.00 each) from PREL on 1 July
2011 for the total cash consideration of GBP490.00
(approximately RM2,352.00). Pursuant to the completion of
this transfer, EPIL has now become a new 80% subsidiary of
KPSL.
EPIL was incorporated as a private limited company on 1 April
2010 and is principally an investment holding company. Its
registered and paid up capital is GBP1,000.00 and its
registered address is at Midas Building, Unit A, Roundhouse
Close, Peterborough PE1 5TA, Cambridgeshire, United Kingdom.
The remaining 20% shareholder of EPIL is PREL.
With the inclusion of EPIL as KNM's subsidiary and the
proposed acquisition of the project land, KNM group would be
able to assume greater control over the completion of the EPC
Contract for the 80MWe Waste to Energy Plant awarded in 2010
(reference is made to KNM's earlier announcements dated 21
December 2010 and 25 January 2012).
No liabilities are to be assumed by KPSL pursuant to the
Investment. The Investment also has no effect on the share
capital, consolidated earnings and net assets, gearing or
substantial shareholders shareholdings of KNM.
None of the directors and/or major shareholders of KNM and/or
any persons connected with them have any interest, direct or
indirect in the above Investment.
This announcement is dated 26 January 2012.
distribué par | Ce noodl a été diffusé par KNM Group Bhd et initialement mise en ligne sur le site http://www.knm-group.com. La version originale est disponible ici. Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2012-01-27 09:24:10 AM et restera accessible depuis ce lien permanent. Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité. |
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