TELEDATA (SINGAPORE) LIMITED
(Incorporated in the Republic of Singapore)
(Registration No. 197600922M)
INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY IN KOREA
The Board of Directors of Teledata (Singapore) Limited (“the Company”) is pleased to announced that it has, on 8 June 2011, incorporated a wholly-owned subsidiary company, known as Teledata (Korea) Co., Ltd. (“Teledata Korea”). Teledata Korea is incorporated in the Republic of Korea (commonly known as South Korea) with an initial paid-up share capital of South Korean Won (“KRW”) 100,000,000 comprising 20,000 shares of KRW 5,000 each, representing 100% equity interest.
The Company’s subscription in the shares of Teledata Korea is financed by internally generated funds and is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of the Company for the current financial year ending 31 December 2011.
None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the above incorporation.
BY ORDER OF THE BOARD
Irene Valencia Goutama
Executive Director and Chairman
10 June 2011