BERJAYA Capital Bhd said its subsidiaries, Prime Credit Leasing Sdn Bhd, Berjaya Insurance Bhd and InterPacific Securities Sdn Bhd had been successfully allotted and issued 22.405 million new ordinary shares of RM1 each, representing 9.92% in MOL.com Sdn Bhd for RM22.41mil.
The allotments were made by MOL pursuant to its recently completed rights issue upon applications by the aforesaid subsidiary companies for their respective rights entitlements, underwriting obligations and excess shares, the company told the KLSE yesterday.
Berjaya Capital said the rationale for the subscriptions was inter alia as a general investment.
MOL was incorporated on Sept 21, 1982 as a private limited company under the name of Lim Kim Hai Holdings (M) Sdn Bhd and changed its name to Dijaya Enterprise Bhd on June 3, 1997. It assumed its present name on June 28, 2000.
It was listed on the KLSE second board on May 25, 1989 and transferred to the main board on Feb 8, 1995.
The company's principal activities include investment holding and providing incubator services and corporate, administrative and financial support to its subsidiary and associated companies.
We're sorry, this article is unavailable at the moment. If you wish to read this article, kindly contact our Customer Service team at 1-300-88-7827. Thank you for your patience - we're bringing you a new and improved experience soon!
What do you think of this article?