The Company wishes to announce that MY E.G. Capital Sdn Bhd, a wholly owned subsidiary of the Company had on 24 May 2016, incorporated a wholly owned subsidiary known as MY E.G. Alternative Payment Services Sdn. Bhd. ('MYEG Alt') under the Companies Act, 1965.

MYEG Alt has an authorised share capital of RM400,000.00 comprising 400,000 ordinary shares of RM1.00 each and the issued and paid-up share capital is RM2.00 comprising 2 ordinary shares of RM1.00 each.

Its intended principal activities is to operate and manage electronic platforms for investment and financing arrangements and other related value added services.

The above incorporation does not have any effect on the issued and paid-up share capital of the Company and has no material effect on the earnings and net assets of MYEG and its subsidiaries for the financial year ending 30 June 2016.

None of the directors and/or substantial shareholders of MYEG, or persons connected to such director and/or substantial shareholder has any interest, direct or indirect, in the said incorporation.

This announcement is dated 25 May 2016.

MyEG - My E.G. Services Bhd published this content on 25 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 May 2016 02:10:04 UTC.

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