prosper

Email This Print ThisNews

Increase In Issued And Paid-Up Capital Of Subsidiary

BackJan 08, 2007

The Board of Directors of HLN Technologies Limited (the "Company") wishes to announce that HLN Technologies Sdn. Bhd ("TSB"), a 60% owned subsidiary of HLN Micron Pte. Ltd. ("HLN Micron"), which is a wholly owned subsidiary of the Company, has increased its issued and paid-up share capital from MYR 2,200,000/- to MYR 2,500,000/- by the allotment and issue of an additional 300,000 ordinary shares of MYR 1/- each, at par for a total consideration of MYR 300,000/-.

Following the above transaction, HLN Micron's shareholding in TSB has increased from MYR 1,320,000/- to MYR 1,500,000/- (increase of 180,000 ordinary shares of MYR 1/- each). There was no change in the percentage of equity held in TSB by HLN Micron.


By order of the Board



Ng Khoon Seng
Director