DK-Schweizer Nederland BV, a subsidiary of the Malaysian DK Leather Corp Bhd, distributor of automotive leather upholstery, is to obtain the entire stake in DK-Schweizer Germany for 25,000 shares worth RM(Malaysian Ringgit)4.9 ($1.32) each in an attempt to expand its business in Germany and improve the European distribution network. The proposed subscription will be financed with DKN’s own funds and is not expected to affect the corporation’s earning for the financial year ending March 31 2005.

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