| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description |
INCORPORATION OF NEW SUBSIDIARY COMPANY |
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The Board of Directors of Ekovest Berhad (“the Company”) wishes to announce that Ekovest Capital Sdn Bhd, a wholly-owned subsidiary of the Company had on 28 December 2018 incorporated a new wholly-owned subsidiary, known as DUKE Hotels Sdn Bhd (“DHSB”) under the Companies Act, 2016 with an issued and paid-up share capital of RM2.00 comprising of 2 ordinary shares. The intended principal activity of DHSB is to carry on the business as hoteliers. The incorporation of DHSB does not have any effect on the share capital or substantial shareholders’ shareholdings and are not expected to have any material effect on the earnings per share, net assets per share and gearing of the Ekovest group for the financial year ending 30 June 2019. |
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| Company Name | EKOVEST BERHAD |
| Stock Name | EKOVEST |
| Date Announced | 31 Dec 2018 |
| Category | General Announcement for PLC |
| Reference Number | GA1-31122018-00057 |