Investor Relations - News
Acquisition Of MTQ Engineering Sdn Bhd
The Board of Directors of MTQ Corporation Limited ("MTQ") is pleased to announce that it has purchased a company incorporated in Malaysia known as MTQ Engineering Sdn Bhd which has an authorised share capital of RM100,000 comprising 100,000 ordinary shares of RM1.00 each and a paid-up capital of RM2.00.
This acquisition was completed on 21 July 2003. On completion, MTQ Engineering Sdn Bhd becomes a wholly-owned subsidiary of MTQ.
The investment is made through internal resources.
The transaction is not expected to have a material impact on the consolidated net tangible assets per share and earning per share of MTQ for the current financial year.
None of the directors or substantial shareholders of MTQ have any interest, direct or indirect, in the above-mentioned acquisition.