The Board of Directors of Sentoria is pleased to announce that Sentoria, has on 23 December 2014, acquired 100,000 ordinary shares of RM1.00 each in Sentoria Projects Sdn. Bhd. (formerly known as Sempurna Resort Kuantan Sdn. Bhd.) ("SPSB"), from its wholly-owned subsidiary, Sentoria Themeparks and Resorts Sdn. Bhd., representing 100% of the issued and paid-up capital of SPSB for a total cash consideration of RM100,000.00 only, resulting in SPSB becoming a wholly-owned subsidiary of the Company.
SPSB was incorporated on 4 August 2011 and its authorised share capital is RM100,000.00 comprising 100,000 ordinary shares of RM1.00 each. SPSB is currently dormant and its intended principal activities are as general contractors.
None of the Directors and/or major shareholders of Sentoria and/or persons connected to them have any interest, direct and indirect in the above acquisition.
This announcement is dated 23 December 2014.