Encorp establishes Australian subsidiary

KUALA LUMPUR: Main-board listed Encorp Bhd. has established an Australian subsidiary named Encorp Development Pty Ltd for property development.

According to a statement to Bursa Malaysia on Friday Feb , the company said that the new subsidiary in Australia has an issued and paid-up share capital of AUD100 comprising 100 ordinary shares of AUD1.00 each.

The statement added that “the incorporation will not have a material effect on the earnings and net assets of ENCORP Group for the financial year ending 31 December 2010.”

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