The screenshot of Ancom Bhd‘s public announcement of its acquisition of Media Works Sdn Bhd, which is a dormant company, for RM1.
It would have been an otherwise a normal affair for a public listed company to acquire shareholding in a Sdn Bhd. What had made it so strange was the acquisition of a dormant company with a RM1 paid up share capital.
On 1 March 2019 Ancom Bhd (Ancom) had made the above public announcement in Bursa Malaysia that it had acquired one ordinary share in Media Works Sdn Bhd (Media Works), which was incorporated on 13 December, 2018, and it is dormant. Isn
