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News

Increase In Issued And Paid-Up Capital Of Wholly-Owned Subsidiary

The Board of Directors of HLN Technologies Limited (the "Company") wishes to announce that HLN Rubber Industries Sdn Bhd ("HRI"), a wholly-owned subsidiary of HLN Rubber Products Pte Ltd ("HRP"), which is also a wholly owned subsidiary of the Company, has increased its issued and paid-up share capital from MYR 450,000/- to MYR 2,468,000/- by the allotment and issue of an additional 2,018,000 ordinary shares of MYR 1/- each, at par through capitalization of an equivalent amount of USD548,850 owing to HRP by HRI.


THE INITIAL PUBLIC OFFERING OF THE SHARES OF HLN TECHNOLOGIES LIMITED WAS SPONSORED BY WESTCOMB CAPITAL PTE LTD ("THE MANAGER"). THE MANAGER ASSUMES NO RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT.