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1. Introduction
The Board of Directors of Adventa wishes to announce that the Company’s 97.2% subsidiary, namely Purnabina Sdn. Bhd. had incorporated a new subsidiary in Malaysia, namely Icodex Sdn. Bhd. with a paid-up capital of RM3/-.
2. Information
The principal activity of Icodex Sdn. Bhd. is trading and marketing of gloves, commodities and medical related products.
3. Financial Effects
The incorporation of Icodex Sdn. Bhd. does not have any material effect on the earning per share and net tangible assets per share of Adventa.
4. Directors’ and Substantial Shareholders’ Interest
None of the Directors of Adventa or persons connected to them having any interests, direct or indirect in the above incorporation.
The Board of Directors of Adventa is not aware of any substantial shareholders or persons connected to them having any interests, direct or indirect in the above incorporation.
5. Statement by the Board of Directors
The Board is of the opinion that the incorporation of Icodex Sdn. Bhd. is in the best interest of Adventa Group.
This announcement is dated 5 October 2009.
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