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The Board of Directors of TA WIN wishes to announce that the Company had on 8 June 2021 incorporated a private limited company in Malaysia under the Companies Act 2016, Ta Win Symbiosis Sdn. Bhd. (“TWSymbiosis”).
TWSymbiosis has an issued share capital of RM2.00 comprising 2 ordinary shares which are held by Ta Win.
TWSymbiosis’s principal activities will be the provision of property development, property management services, property facilities services, renting and operating, construction, non ferrous metals waste management services and recycling.
The Directors of TWSymbiosis are as follows:-
(a) Dato’ Sri Ngu Tieng Ung, JP;
(b) Mr. Chong Ming Kong; and
(c) Mr. Ngu Tieng Lung
The incorporation of TWSymbiosis is not expected to have any material effects on TA WIN and its subsidiaries’ earnings per share, net assets per share, gearing as well as Ta Win’s share capital and substantial shareholders’ shareholding for the financial year ending 30 June 2021.
None of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, direct or indirect in the aforesaid incorporation, save for their interests arising by way of their shareholdings via the Company.
It says TWS is not expected to have any material effect on TW etc. but provision of property development etc. Looks to me like setup a co to manage own property, equipment & materials otherwise should have "material effect" if this TWS is to get external business.
