|D & O Ventures Berhad ("D&O" or "the Company") wishes to announce that its wholly owned subsidiary, Omega Semiconductor Sdn Bhd (“Omega”) had on 8 May 2009 subscribed for 5,100 ordinary shares of HK$1.00 each in AEopto Technologies (HK) Company Limited (AEopto HK”), representing 51% of the issued and paid-up share capital of AEopto HK, for a cash consideration of HK$5,100 equivalent to approximately RM2,398 (“Subscription”).
AEopto HK is a private limited company incorporated in Hong Kong and is an investment holding company that principally invests in semiconductor business in China. The enlarged issued and paid-up share capital is HK$10,000 comprising 10,000 ordinary shares of HK$1.00 each.
The Subscription will have no material effect on the net assets and earnings of D&O Group for the financial year ending 31 December 2009. The Subscription is also not subject to the approval of the shareholders of D&O or regulatory authorities.
None of the Directors and/or major shareholders of D&O and/or persons connected to them have any interest, direct or indirect, in the Subscription.