OTHERS THE MEDIA SHOPPE BERHAD ("TMS" OR "THE COMPANY") - Acquisition of 100% equity interest in Exonion Sdn Bhd
| THE MEDIA SHOPPE BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | THE MEDIA SHOPPE BERHAD ("TMS" OR "THE COMPANY")
- Acquisition of 100% equity interest in Exonion Sdn Bhd
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The Board of Directors wishes to announce that pursuant to Paragraph 9.19(24) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad, TMS has today, 18 August 2015, acquired two (2) ordinary shares, representing 100% of the total issued and paid-up share capital of Exonion Sdn Bhd (“Exon”) for a total cash consideration of RM2.00.
Exon was incorporated on 22 December 2010 and its present authorised share capital is RM100,000. Exon is presently dormant and the intended principal activities are property development, property investment and general trading.
None of the directors or substantial shareholders of TMS or persons connected with them has any interest, whether direct or indirect, in the aforesaid acquisition
This announcement is dated 18 August 2015.
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Back Side Listing???
Who is Dato LOW - the new director??
Change in Boardroom
| THE MEDIA SHOPPE BERHAD |
| Date of change | 17 Aug 2015 |
| Name | DATO’ LOW LIONG KIAN |
| Age | 42 |
| Nationality | Malaysia |
| Designation | Executive Director |
| Directorate | Executive |
| Type of change | Appointment |
| Qualifications | Dato' Low Liong Kian is by training involved in the construction industry and is duly registered with Jabatan Bekalan Elektrik, Malaysia for his expertise. |
| Working experience and occupation | Dato' Low Liong Kian has extensive working experience in the construction industry since Year 1995. He is a very involved with his projects practising his philosophy of hands-on approach to business. He started his career but owning an electrical sub-contractor business in Year 1995. Due to his credible execution and under his dedicated and professional guidance, his company grew to and expanded its field of services provision to include mechanical and electrical services for property developers and main contractors. He further expanded his business model to include building construction contracts and civil engineering works. He has vast experience in the construction line with the day-to-day operations and management of construction projects undertaken by his company and was instrumental in leading his company to obtain registration with the Construction Industry Development Board Malaysia (CIDB) as a Grade 7 Contractor, Suruhanjaya Tenaga as Class "A" Contractor and also getting his company certified to the coveted ISO 9001:2008 certification. Dato' Low is also involved in many community activities and charitable work outside his career and as a result, was awarded Darjah Indera Mahkota Pahang (DIMP) in 2013 in recognition of his activities. |
| Directorship of public companies (if any) | Nil. |
| Family relationship with any director and/or major shareholder of the listed issuer | Nil. |
| Any conflict of interests that he/she has with the listed issuer | Nil. |
| Details of any interest in the securities of the listed issuer or its subsidiaries | Indirect interest via Master Knowledge Sdn Bhd - 92,350,502 ordinary shares in which Dato' Low is deemed interested pursuant to Section 6A of the Companies Act, 1965. |
| Due Date for MAP | 17 Dec 2015 |