News

Acquisition Of A Shelf Company By Alangka-Suka International Limited ("ASIL"), Which In Turn Is A Wholly-Owned Subsidiary Of Alangka-Suka Hotels & Resorts Berhad, A 99.63%-Owned Subsidiary Of Advance Synergy Berhad ("ASB")

BackFeb 05, 2008
General Announcement
Reference No AS-080205-64597

Company Name
:
 ADVANCE SYNERGY BERHAD
Stock Name
:
 ASB
Date Announced
:
 05/02/2008


Type
:
 Announcement
Subject
:
ACQUISITION OF A SHELF COMPANY BY ALANGKA-SUKA INTERNATIONAL LIMITED ("ASIL"), WHICH IN TURN IS A WHOLLY-OWNED SUBSIDIARY OF ALANGKA-SUKA HOTELS & RESORTS BERHAD, A 99.63%-OWNED SUBSIDIARY OF ADVANCE SYNERGY BERHAD ("ASB")

Contents
:
The Board of Directors of ASB wishes to announce that ASIL has acquired 100 per cent equity interest in a shelf company, Launceston Developments Limited ("LDL"), comprising 2 issued and fully paid-up ordinary shares of USD1.00 each.

LDL will be the special purpose company to facilitate ASIL's hotel investment abroad.

None of the Directors or substantial shareholders of ASB and/or persons connected with them has any interest, direct or indirect, in the acquisition of LDL.

(This announcement is dated 5 February 2008.)