OTHERS

JOHORE TIN BERHAD (“JTB” or “the Company”) -Subscription of Additional Investment in Shares of Able Dairies Sdn Bhd, wholly-owned Subsidiary of JTB.

JOHORE TIN BERHAD

 

Type Announcement
Subject OTHERS
Description
JOHORE TIN BERHAD ("JTB" or "the Company")
 -Subscription of Additional Investment in Shares of Able Dairies Sdn Bhd, wholly-owned Subsidiary of JTB.

Furtherance to the announcement made on 18 September 2018,  JTB wishes to announce on the Rationale for the subscription of additional 43,500,000 Ordinary Shares at issue price of RM1.00 per share in the capital of Able Dairies Sdn. Bhd. as follows:-

RATIONALE:

1)  Paid-up Capital for Investment in Mexico;

2)  Investment on the building and land of a new warehouse in Teluk Panglima Garang with total budget of RM20.5 million;

3)  Capital Expenditure on the upgrading of machinery; and

4)  Additional Working Capital

 

This Announcement is dated 19 September 2018.


Announcement Info

Company Name JOHORE TIN BERHAD
Stock Name JOHOTIN
Date Announced 19 Sep 2018
Category General Announcement for PLC
Reference Number GA1-19092018-00017