Wellcall definition
Examples of Wellcall in a sentence
The risk related to the Proposed Joint Venture in connection with Wellcall and Trelleborg Holding AB are typical to and commercial contract.
Wellcall and Trelleborg Holding AB will be jointly liable for their respective shares of the funding for the JV Company.
The Proposed Joint Venture is not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of Wellcall for the financial year ending 30 September 2019.
Wellcall is a company registered and incorporated under the Laws of Malaysia on 23 August, 2005 and having its business address at ▇▇▇▇ ▇▇, ▇▇▇▇▇ ▇▇▇▇▇ ▇/▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ II, Fasa II, 31550 Pusing, Perak, Malaysia.
Wellcall will fund its share of the equity participation in the JV Company through internally generated funds.
The first board of directors of the JV Company comprise of five (5) directors, of which three (3) person shall be nominated by Trelleborg Holding AB, inclusive of the Chairman and two (2) person nominated by Wellcall, inclusive of the Managing Director.
The Proposed Joint Venture will not have any effect on the share capital and substantial shareholders’ shareholding of Wellcall as it does not involve any allotment or issuance of new shares by Wellcall.
The Board of Directors of Wellcall (“Board”) wishes to announce that Wellcall and Trelleborg Holding AB (“the Parties”) has on 15 January 2019 entered into a Shareholders Agreement (“Shareholders Agreement”) to jointly form a private limited liability company in Malaysia (“the JV Company”) for the purpose of manufacturing, marketing and selling of composite hose and fittings (“Proposed Joint Venture”).
The paid-up capital of Wellcall as at the date of this announcement is RM68,836,509 comprising of 497,947,555 ordinary shares.