The Board of Directors of MMAG Holdings Berhad announced that the company had on 24th January 2019 incorporated a wholly-owned subsidiary, namely MMANTAP SDN. BHD. with an initial share capital of MYR 2.00 comprising 2 ordinary shares. MMANTAP SDN. BHD. will be principally engaged in providing fulfillment services, courier services, delivery services and payment gateway services. The incorporation is not expected to have any material impact on the earnings per share, net assets per share, share capital and substantial shareholders' shareholdings of the Company for the financial year ending 31 March 2019.