The Board of Directors of Supreme Consolidated Resources Bhd. is pleased to announce that the Company has on 10th June 2019 incorporated a new wholly owned subsidiary, SUPREME DAIRY VENTURES SDN. BHD (1329441-T) ("SDV") with an initial paid up capital of RM2.00. The intended principal activities of SDV are dealers in, purchasers, manufacturers and distributors of dairy farms garden and product of all kinds and in partcicular milk, cream, butter, ghee, cheese, poultry eggs, fruits, vegetable oils, vegetable ghee, sausages, brown patted meat, table delicacies/loaves, bread manures and to purchase, acquire, keep maintain breed, sell or otherwise dispose of all kinds of cattle, cow, buffaloes, pigs, poultry, live or dead stock of all description.
The incorporation of SDV will not have any material effect on the share capital, shareholding structure, net assets and earnings of the Company.
None of the directors and/or shareholdres of the Company or persons connected to the directors and/or major shareholders of the Company have any interest, direct or indirect in the said incorporation.
The directors of the Company, after having considered all aspects of the aforesaid incorporation, are of the opnion that the said incorporation are in the best interest of the Company.
This announcement is dated 10th day of June, 2019.