The Board of Directors wishes to announce that MY EG (Indonesia) Sdn. Bhd., a wholly owned sub-subsidiary of the Company had on 21 September 2018, incorporated a 90% owned subsidiary known as PT MYEG Services Indonesia (“PTMYEG”) in Indonesia.
The intended principal activity of PTMYEG is to build, own and operate a digital platform for commercial services.
The above incorporation does not have any effect on the issued and paid-up share capital of the Company and has no material effect on the earnings and net assets of the Company and its subsidiaries for the financial year ending 30 September 2018.
None of the directors and/or substantial shareholders of the Company, or persons connected to such director and/or substantial shareholder has any interest, direct or indirect, in the said incorporation.
This announcement is dated 21 September 2018.