SBC Corporation Berhad acquired 80% equity interest in Armada Bayumas Sdn. Bhd. for RM8,000 cash through acquiring 1 share from Lam Suk Kham and applying for 7,999 shares, making ABSB a 80% owned subsidiary of SBC. ABSB is a private limited company incorporated in 2009 with an authorized capital of RM100,000 divided into 100,000 shares and its principal activities are property development and property management. The acquisition was financed through SBC Group's internal funds and is not expected to have a material effect on SBC Group's earnings, net assets, or gearing for the 2020 financial year. The board of directors believes the acquisition is in SBC Group's

1. SBC COPRPORATION BERHAD
ACQUISITION OF NEW SUBSIDIARY
1. INTRODUCTION
The Board of Directors of SBC Corporation Berhad (“SBC”) wishes to announce that
SBC had on 9th June, 2009 acquired 8,000 ordinary shares of RM1.00 each
representing 80% equity interest in Armada Bayumas Sdn. Bhd. (“ABSB”) at par for
a total cash consideration of RM8,000 (“Acquisition”) in the following manner –
(a) acquisition of 1 share in ABSB from Lam Suk Kham; and
(b) application of 7,999 shares in ABSB.
As the result of the Acquisition, ABSB is now a 80% owned subsidiary of SBC.
2. INFORMATION ON ABSB
ABSB is a private limited company incorporated in Malaysia under the Companies
Act, 1965 on 26th March, 2009. It has an authorised capital of RM100,000 divided
into 100,000 ordinary shares of RM1.00 each, of which 10,000 shares have been
issued and fully paid-up. The intended principal activities of ABSB are property
development and property management.
The shareholding structure of ABSB is as follows –
Name of shareholders No. of shares held Percentage shareholding
SBC 8,000 80
Success Propel Sdn. Bhd. 2,000 20
(“SPSB”)
Total 10,000 100
The board of directors of ABSB consists of 4 persons, namely –
(a) Mr. Sia Kwee Mow @ Sia Hok Chai, Mr. Sia Teong Heng and Mr. Sia Teong
Leng, all representing SBC; and
(b) Mr. Lai Yeng Fock, representing SPSB.
3. INFORMATION ON SPSB
SPSB is a private limited company incorporated in Malaysia under the Companies
Act, 1965 on 14th October, 2008. It has an authorised capital of RM100,000 divided
into 100,000 ordinary shares of RM1.00 each, of which all the shares have been
issued and fully paid-up. The principal activity of SPSB is investment holding.
The directors of SPSB are Mr. Yew Kok Siew, Mr. Lai Yeng Fock and Mr. Tan Say
Sing.

2. -2-
Their shareholding in SPSB are as follows –
Name No. of shares held
Yew Kok Siew 33,000
Lai Yeng Fock 33,000
Tan Say Sing 34,000
Total 100,000
4. SOURCE OF FUNDS
The Acquisition was financed via internal funds of the SBC Group.
5. FINANCIAL EFFECTS
(a) Share capital and substantial shareholders
The Acquisition will not have any effect on the share capital of SBC or its
substantial shareholders.
(b) On earnings, net assets and gearing
The Acquisition will not have any material effect on the earnings, net assets and
gearing of SBC Group for the financial year ending 31st March, 2010.
6. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTEREST
None of the directors and major shareholders of SBC and its subsidiaries or persons
connected to them, have any interest, direct or indirect, in the Acquisition.
7. DIRECTORS’ OPINION
The Board of Directors of SBC is of the opinion that the Acquisition is in the long
term interest of the SBC Group.