ID :
186114
Thu, 06/02/2011 - 15:35
Auther :

ASIAN PAC TO VENTURE INTO REAL ESTATE DEVELOPMENT OVERSEAS

KUALA LUMPUR, June 2 (Bernama) -- Property developer, Asian Pac Holdings
Bhd, plans to venture into real estate development overseas.

In a filing to Bursa Malaysia (Malaysia's stock exchange), Asian Pac said as
such it has subscribed to 50 per cent equity stake in a company incorporated in
Indonesia, PT AP International.

PT AP International has an issued and paid-up capital of US$250,000
comprising 2,500 shares of US$100 each.

Asian Pac's 50 per cent stake represented issued and paid-up capital of
US$125,000, comprising 1,250 shares of US$100 each.


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