Pursuant to Para 9.19(23) of the Main Market Listing Requirements, the Board of Directors of QL is pleased to announce that its wholly owned subsidiary, QL Feedingstuffs Sdn. Bhd. (Company No. 147366-A) had on 30 January 2012 acquired two (2) ordinary shares of RM1.00 each of Leisure Pyramid Sdn. Bhd. (Company No. 971082-T) ("LP"), representing its entire issued and paid up share capital from Asiah Binti Osman and Salasiah Binti Mohd Said for a consideration of RM2.00, resulting in LP being a wholly-owned subsidiary of QL. LP was incorporated on 8 December 2011 and it is a dormant company.
The authorised share capital of LP is RM100,000.00 comprising 100,000 ordinary shares of RM1.00 each with an issued and paid up share capital of RM2.00 comprising 2 ordinary shares of RM1.00 each.
The above acquisition does not have any effect on the issued and paid up share capital of QL and has no material effect on the earnings and net assets of QL Group for the financial year ending 31 March 2012.
The Directors of QL are of the opinion that the above acquisition is in the best interest of QL. The above acquisition is not subject to QL’s shareholders’ approval.
None of the directors and/or substantial shareholder of QL, or persons connected to such director and/or substantial shareholders has any interest, direct or indirect, in the above acquisition.
This announcement is dated 2 February 2012.
