Syarikat Takaful incorporates subsidiary
PETALING JAYA: Syarikat Takaful Malaysia Bhd (STMB) has incorporated a wholly owned subsidiary, Syarikat Takaful Malaysia Am Bhd (STMAB), under the Companies Act 2016 as part of its proposed reorganisation.
STMB told the stock exchange yesterday that while STMAB is currently dormant, its principal activity is to undertake the general takaful business operated by STMB upon completion of the exercise (proposed reorganisation).
STMB had previously announced that the family takaful business would continue to be performed by the company under a pro- posed new name called Syarikat Takaful
Malaysia Keluarga Bhd.
As at the date of announcement, STMAB’s issued share capital stood at RM1, comprising five ordinary shares, which were issued at 20 sen each.
The incorporation of STMAB will not have any material impact on STMB’s share capital, substantial shareholders’ shareholdings, earnings, net assets and gearing.
None of the directors or major shareholders of STMB and/or persons connected with them have any direct or indirect interest in the incorporation of STMAB.