RCE Capital Berhad wishes to announce the incorporation of a wholly-owned subsidiary, RCE Dynamics Sdn Bhd (“RCE Dynamics”) on 23 June 2015.

RCE Dynamics was incorporated in Malaysia under the Companies Act, 1965 with an authorised share capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each and its issued and paid-up capital is RM2.00 comprising 2 ordinary shares of RM1.00 each. RCE Dynamics is established as a special purpose vehicle to acquire a pool of eligible receivables.

This announcement is dated 25 June 2015.