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The Board of Directors of Adventa wishes to announce that its wholly-owned subsidiary company, namely Adventa Health Sdn Bhd ("AHSB"), had on 15 February 2011 received the Certificate of Approval for the establishment of Beijing Adventa Health Supplies Company Limited ("BAHSCL") in the People's Republic of China with a registered capital of RMB1,000,000 (Renmibi One Million). Upon the above establishment, BAHSCL will be a wholly-owned subsidiary of AHSB.
The principal activity of BAHSCL will be the marketing and distribution of gloves, medical and dental disposables and medical devices.
The rationale for the incorporation of BAHSCL is to expand the trading and distribution business of the Adventa Group in China.
The establishment of BAHSCL does not have any material effect on the earnings per share, paid-up capital or net assets per share of the Adventa Group.
None of the directors and/or substantial shareholders or persons connected to them, have any interest, direct or indirect in the above establishment.
The Board of Directors is of the opinion that the establishment of BAHSCL is in the best interests of the Advetna Group.
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