News
Approval For Establishment Of A Wholly-Owned Subsidiary Company, Changshu Holiday Villa Hotel Management Co., Ltd. By Holiday Villa China Limited ("HVCL"), A 70%-Owned Subsidiary Of Holiday Villas International Limited, Which In Turn Is Wholly-owned By Alangka-Suka Hotels & Resorts Berhad ("ASHR"), A 99.63%-owned Subsidiary Of Advance Synergy Berhad ("ASB")
BackJun 14, 2004
| General Announcement Reference No AS-040614-63411 |
| Company Name | : | ADVANCE SYNERGY BERHAD |
| Stock Name | : | ASB |
| Date Announced | : | 14/06/2004 |
 |
|
|
| Type | : | Announcement |
| Subject | : | APPROVAL FOR ESTABLISHMENT OF A WHOLLY-OWNED SUBSIDIARY COMPANY, CHANGSHU HOLIDAY VILLA HOTEL MANAGEMENT CO., LTD. BY HOLIDAY VILLA CHINA LIMITED ("HVCL"), A 70%-OWNED SUBSIDIARY OF HOLIDAY VILLAS INTERNATIONAL LIMITED, WHICH IN TURN IS WHOLLY-OWNED BY ALANGKA-SUKA HOTELS & RESORTS BERHAD ("ASHR"), A 99.63%-OWNED SUBSIDIARY OF ADVANCE SYNERGY BERHAD ("ASB") |
Contents :
The Board of Directors of ASB wishes to announce that HVCL, a subsidiary of ASB, has today received the Certificate of Approval for Establishment of Enterprises with Foreign Investment in the People's Republic of China dated 4 June 2004 for the establishment of a wholly-owned subsidiary, Changshu Holiday Villa Hotel Management Co., Ltd. ("CHVHM"), in Changshu, China with a registered capital of USD100,000.00.
ASHR Group intends to expand and operate hotels and resorts in China through management contracts and the establishment of CHVHM as a subsidiary company in China is to facilitate such management contracts.
(This announcement is dated 14 June 2004)