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Reference is made to Ancom Berhad’s (“Ancom” or “Company”) announcements dated 6 March 2009, 15 May 2009, 14 July 2009, 25 August 2009 and 8 March 2010 in relation to the proposed investment in MagiqAds Sdn Bhd (“MagiqAds”) by RedBerry Sdn Bhd (“RedBerry”), a wholly-owned subsidiary of the Company.
(Definitions used in the aforesaid announcements shall have the same meanings in this announcement unless otherwise stated).
Further to the Company's announcement dated 8 March 2010 on the above matter, the Board wishes to provide the following additional information relating to MagiqAds:
1. For the financial year ended 30 September 2008, MagiqAds recorded a loss after tax of RM801,000 and has net liabilities of RM534,000 as at that date based on its audited accounts for the financial year ended 30 September 2008;
2. For the financial year ended 30 September 2009, MagiqAds recorded a loss after tax of RM5,699,000 and has net liabilities of RM5,763,000 as at that date based on its unaudited accounts for the financial year ended 30 September 2009.
The highest percentage ratio in respect of this transaction is 0.37%.
This announcement is dated 9 March 2010. |
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