OTHERS Power Root Berhad - NEW SUBSIDIARY COMPANY POWER ROOT BERHAD Type Announcement Subject OTHERS Description Power Root Berhad - NEW SUBSIDIARY COMPANY Power Root Berhad ("Power Root" or "the Company") wishes to announce that on 25 July 2013, the Company had entered into a shareholders’ agreement with Clover Films Pte. Ltd., Golden Screen Cinemas Sdn. Bhd. and Verygood Movie (M) Sdn. Bhd. and had subscribed to 51% equity interest in Medan Multimedia Sdn. Bhd. (“MMSB”) comprising 15,300 new ordinary shares of RM1.00 each for a cash consideration of RM15,300 (“Subscription”). The shares in MMSB is subscribed by the following parties as follows:- Party Shareholdings RM % Power Root Berhad 15,300 51 Clover Films Pte. Ltd. 6,000 20 Golden Screen Cinemas Sdn. Bhd. 5,700 19 Verygood Movie (M) Sdn. Bhd. 3,000 10 MMSB was incorporated on 3 May 2013 in Malaysia as a private limited company under the Companies Act 1965 and has an autho...