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The acquisition of Everfield has no material impact on the consolidated earnings per share or consolidated net tangible assets per share of the Group for the financial year ending 31 March 2009.
None of the Directors and controlling shareholders of the Company has any interest, direct or indirect in the acquisition of Everfield.
BY ORDER OF THE BOARD
MTQ CORPORATION LIMITED
FONG CHOON SENG
COMPANY SECRETARY
10 NOVEMBER 2008
Investor Relations - News
Acquisition Of Wholly-Owned Subsidiary
BackNov 10, 2008
The Board of Directors of MTQ Corporation Limited (the "Company") wishes to announce that the Company has acquired one ordinary share in the issued share capital of Everfield Pte. Ltd. ("Everfield"), a Singapore incorporated company (Company Registration No. 200820289M), for a cash consideration of S$1.00. The principal activity of Everfield is that of investment holding. Consequent upon the acquisition of Everfield, Everfield would be a wholly-owned subsidiary of the Company. The acquisition of Everfield has no material impact on the consolidated earnings per share or consolidated net tangible assets per share of the Group for the financial year ending 31 March 2009.
None of the Directors and controlling shareholders of the Company has any interest, direct or indirect in the acquisition of Everfield.
BY ORDER OF THE BOARD
MTQ CORPORATION LIMITED
FONG CHOON SENG
COMPANY SECRETARY
10 NOVEMBER 2008