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Mah Sing acquires Grand Prestige Development

PETALING JAYA: Mah Sing Bhd has acquired the entire issued and paid-up share capital of Grand Prestige Development Sdn Bhd on Jan 18, 2010 with an authorised share capital of RM100,000 comprising 100,000 ordinary shares of RM1 each, of which two ordinary shares of RM1 each have been issued and fully paid-up, for cash consideration of RM2.

In a filing to Bursa Malaysia on March 23, Mah Sing said Grand Prestige would become wholly owned subsidiary of Mah Sing. Grand Prestige is currently dormant.

“The acquisition is to provide Mah Sing with a dormant company intended for future expansion in its core business of property development,” Mah Sing said.
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