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December 12, 2011
TELEDATA (SINGAPORE) LIMITED (Incorporated in the Republic of Singapore) (Company Registration No. 197600922M) |
| ACQUISITION OF WHOLLY-OWNED SUBSIDIARY
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The Board of Directors of Teledata (Singapore) Limited (the “Company”) wishes to
announce that the Company has acquired a wholly-owned subsidiary known as
Teleapps Communications (M) Sdn. Bhd. (“TCM”) for a total consideration of
RM2.00 satisfied in cash, from Lai Peng Loong and Caleb Gau Poh Seng.
TCM has an issued and paid-up capital of RM.200 comprising of two ordinary
shares, and was incorporated in Malaysia on 1 July 2011. The principal activities of
TCM are the sourcing, distribution, system integration and maintenance of
telecommunication and data communication products and systems.
The Directors are of the view that the above acquisition is not expected to have any
material impact on the net tangible assets and earnings per share of the Company
in the current financial year.
By Order of the Board
Irene Valencia Goutama
Executive Director and Chairman
12 December 2011
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