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BackMar 14, 2018
Type Announcement
Subject OTHERS
Description

ADVANCE SYNERGY BERHAD (ASB) INCORPORATION OF A NEW INDIRECT SUBSIDIARY COMPANY IN HONG KONG

The Board of Directors of ASB wishes to announce the incorporation of Holiday Villa Hong Kong Company Limited (“HV Hong Kong”) on 8 March 2018. The Certificate of Incorporation of HV Hong Kong was received on 14 March 2018. HV Hong Kong with a paid up capital of Hong Kong Dollar 30,000.00 is wholly-owned by Holiday Villa China International Limited, an indirect 95%-owned subsidiary of ASB.

The incorporation of HV Hong Kong is to facilitate the management of ASB Group’s hotel operations in China under the Holiday Villa brand.

None of the directors, major shareholders and/or persons connected with the directors and major shareholders of ASB has any interest, direct or indirect, in the abovementioned incorporation of HV Hong Kong.

This announcement is dated 14 March 2018.





Announcement Info

Company Name ADVANCE SYNERGY BERHAD
Stock Name ASB
Date Announced 14 Mar 2018
Category General Announcement for PLC
Reference Number GA1-14032018-00098