SETTING UP OF A WHOLLY-OWNED SUBSIDIARY KNOWN AS THREE-A PLANTATION (PAHANG) SDN. BHD. BY THREE-A RESOURCES BERHAD

THREE-A RESOURCES BERHAD

Information Compiled By KLSE

Announcement Date

19 Feb 2009

Type	Announcement
Subject	SETTING UP OF A WHOLLY-OWNED SUBSIDIARY KNOWN AS THREE-A PLANTATION (PAHANG) SDN. BHD. BY THREE-A RESOURCES BERHAD
Contents	The Board of Directors of Three-A Resources Berhad ("the Company") is pleased to inform the Exchange that on 30 January 2008, the Company has set up a wholly-owned subsidiary known as Three-A Plantation (Pahang) Sdn. Bhd. ("TPPSB").

INFORMATION ON THREE-A PLANTATION (PAHANG) SDN. BHD. (Company No. 804938-V)

TPPSB was incorporated on 30 January 2008 with an authorised capital of RM100,000.00 comprising of 100,000 ordinary shares of RM1.00 each. The current issued and paid-up share capital of TPPSB is RM2.00 comprising of 2 Ordinary shares of RM1.00 each fully paid up. The Company is currently a dormant company. The current directors in TPPSB are as follows:-

Name

Dato' Mohd Nor Bin Abdul Wahid
Fang Chew Ham

RATIONALE FOR THE SET-UP OF TTPSB

TPPSB will be utilised as a vehicle by the Company for its future investment.

FINANCIAL EFFECTS

Earnings

The investment in TPPSB is not expected to have any material effect on the earnings per share of the Group for the financial year ending 31 December 2008.

Net Tangible Assets

The investment in TPPSB is not expected to have any significant effect on the Net Tangible Assets of the Group for the financial year ending 31 December 2008.

Share Capital

The investment in TPPSB has no effect on the share capital of the Company as it was satisfied entirely by cash generated internally.

APPROVALS SOUGHT

The investment in TPPSB is not subject to the approvals of the shareholders of the Company or from any relevant authorities.

DIRECTORS AND SUBSTANTIAL / MAJOR SHAREHOLDERS' INTEREST

None of the Directors or substantial / major shareholders of the Company or any persons connected to them have any direct or indirect interest in the above investment in TPPSB.

PARTICULARS OF LIABLIITIES TO BE ASSUMED BY THE PURCHASER

The Purchaser is not aware of any liabilities arising from the above investment in TPPSB.

DEPARTURE FROM SECURITIES COMMISSION POLICIES AND GUIDELINES ON ISSUE OF ORDER OF SECURITIES

The Board of Directors of the Company is unaware of any departure from the Securities Commission Policies and Guidelines in relation to the above intestment in TPPSB.

DIRECTORS' RECOMMENDATION

The Directors of the Company, having taken in consideration all aspects of the said investment in TPPSB, are of the opinion that the said investment is in the best interest of the Company.