Date: September 07, 2026
Disinvestment / Strategic Actions
Glottis Limited has incorporated a wholly-owned subsidiary (WOS) named Glottis Logistics SDN. BHD. in Malaysia. The certificate of incorporation was received on September 07, 2026.
Details of the Subsidiary:
- Name: Glottis Logistics SDN. BHD.
- Date of Incorporation: 07th September 2026
- Country of Incorporation: Malaysia
- Industry: Freight Forwarding and other logistics support services
- Turnover: Nil (newly incorporated)
Investment Details:
- Nature of Investment: 100% subscription to initial paid-up capital
- Consideration: Cash
- Investment Structure: Will be made in one or more tranches as per business requirement
- Capital Structure: Entity set up with a capital of 1,000 shares each at RM 1.00
- Shareholding: 100% ownership by Glottis Limited
Strategic Rationale:
The subsidiary was incorporated with the primary objective to expand the business of the Company and strengthen its footprint in the freight forwarding segment.
Regulatory Status:
- The transaction qualifies as a related party transaction since it creates a wholly-owned subsidiary of the Company
- No governmental or regulatory approvals were required for this incorporation
- Promoters/Promoter Group/Group Companies have no interest in the transaction beyond the WOS relationship
Other Operational / Legal / Strategic Disclosures
No material disclosures under the following sections:
- KMP / Board / Auditor Changes
- Dividend Declaration or Non-Declaration
- Board Meeting Outcomes
- Financial Results (Standalone & Consolidated)
- Auditor's Report
- Media Release / Investor Communication