Malaysia legislation
Section 29
of Mengikut peraturan Bilangan 34 Peraturan-Peraturan Tanah Tahun 1966, adalah
Seksyen 29
HOLDING CORPORATION AND INTERCOMPANY BALANCES
The Company’s Immediate and Ultimate Holding Corporation is Johor
Corporation, a body corporate established under the Johor Corporation
Enactment (No. 4 of 1968) (as amended by Enactment No. 5 1995).
The amount due from/to ultimate holding corporation arose mainly from trade transactions which are unsecured, interest free and have no fixed terms of repayment.
The amount due from/to subsidiary companies and other related companies arose mainly from advances and payments on behalf which are unsecured, interest free and have no fixed terms of repayment.
1680
[22hb Jun 2006