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Jaya Tiasa Holdings Berhad ("JTH" Or The "Company") - Acquisition Of New Subsidiary

BackMar 19, 2003

General Announcement
Reference No JT-030319-2E07C

Company Name	:	JAYA TIASA HOLDINGS BHD
Stock Name	:	JTIASA
Date Announced	:	19/03/2003


Type	:	Announcement
Subject	:	JAYA TIASA HOLDINGS BERHAD ("JTH" or the "Company") - Acquisition of New Subsidiary

Contents :

The Board of Directors of JTH is pleased to announce that the Company has acquired two (2) ordinary shares of RM1.00 each representing 100% of the total issued and paid-up share capital of Jubiland Development Sdn. Bhd. (Company No. 598271-T) ("Jubiland") for a total cash consideration of RM2.00 only.

Jubiland was incorporated on 8 November 2002 in Malaysia under the Companies Act, 1965 with an authorised share capital of RM100,000.00 divided into 100,000 ordinary shares of RM1.00 each. Its issued and paid-up capital is RM2.00 comprising 2 ordinary shares of RM1.00 each. Jubiland has not commenced operation since incorporation.

None of the Directors or substantial shareholders or persons connected with a Director or substantial shareholder of JTH has any interest, direct or indirect, in the acquisition.

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Jaya Tiasa Holdings Berhad ("JTH" Or The "Company") - Acquisition Of New Subsidiary

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