News
Acquisition by Bursa Malaysia Berhad ("Bursa") of 25% equity interest in Bursa Malaysia Depository Sdn. Bhd. ("Bursa Depository") from ABM-MCD Holdings Sdn. Bhd. ("ABM-MCD") ("Acquisition")
BackMar 02, 2006
| General Announcement Reference No BM-060301-67846 |
| Company Name | : | BURSA MALAYSIA BERHAD |
| Stock Name | : | BURSA |
| Date Announced | : | 02/03/2006 |
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| Type | : | Announcement |
| Subject | : | Acquisition by Bursa Malaysia Berhad ("Bursa") of 25% equity interest in Bursa Malaysia Depository Sdn. Bhd. ("Bursa Depository") from ABM-MCD Holdings Sdn. Bhd. ("ABM-MCD") ("Acquisition") |
Contents :
Further to the announcement made on 16 January 2006 in connection with the Acquisition, Bursa's Board of Directors is pleased to announce that the Acquisition has been completed on 2 March 2006, for a total cash consideration of RM35.625 million.
Bursa Depository was incorporated in Malaysia under the Companies Act, 1965 on 26 October 1987 as a private limited company under the name of KLSE Corporate Services Sdn. Bhd. It changed its name to Malaysian Central Depository Sdn. Bhd. on 14 April 1990, and subsequently changed to its present name on 28 May 2004. The principal activity is to provide, operate and maintain a central depository for securities listed on the securities exchange. Bursa Depository commenced its business on 23 October 1992.
Bursa Depository has an authorized share capital of RM50,000,000 divided into 50,000,000 ordinary shares of RM1.00 each, of which 25,000,000 ordinary shares of RM1.00 each have been issued and fully paid-up.
As at the date hereof, Bursa Depository is 100% held by Bursa.
This announcement is dated 2 March 2006.