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Proposed Acquisition of 60% Effective Equity Interest in PT Elasitas Multi Kreasi, Jakarta |
| Type | : | Announcement | | Subject | : | NEXTNATION COMMUNICATION BERHAD ("NEXTNATION")
- Proposed Acquisition of 60% Effective Equity Interest in PT Elasitas Multi Kreasi, Jakarta, Indonesia (“Proposed Acquisition”) | Contents :
Further to the announcements made on 10 March 2006 and 19 June 2006 in relation to the Proposed Acquisition, the Board of Directors of Nextnation wishes to announce that its subsidiary, Godynamic Investments Limited, has subscribed for 59 new ordinary shares of USD1.00 each in Guillemard International Limited (“Guillemard”), representing 62.11% of the entire enlarged issued and paid up share capital of Guillemard, for a total cash consideration of USD854,025 and the Proposed Acquisition has been completed. This announcement is dated 22 September 2006.
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