| Contents |
: |
Pursuant to Paragraph 9.19(24) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, Adventa wishes to announce that it had on 15 December 2010 disposed the entire shares in Suizze Health Limited ("Suizze Health"), representing 100% of the paid-up capital in Suizze Health (Company No. 947155) at a total consideration of HK$10,000.00 (the “Disposal”). The Disposal has resulted in Suizze Health ceasing to become a subsidiary of Adventa.
Suizze Health was incorporated in Hong Kong on 21 January 2005 with a paid-up capital of HK$10,000.00 at HK$1.00 per share. Suizze Health has been dormant since its incorporation.
The Disposal is part of the Group's internal restructuring.
The Disposal will neither have any effect on the share capital and substantial shareholding of Adventa nor have any material effect on the earnings, net assets or gearing of Adventa Group for the current financial year. None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect in the above disposal.
The Board of Directors of the Company, having taken into consideration all aspects of the Disposal, is of the opinion that the Disposal is in the best interest of Adventa Group.
|
|