The board of directors of Samko Timber Limited announced that the company has incorporated two subsidiaries in Indonesia and a subsidiary in Singapore with the details as follows: Name of Subsidiaries is PT Sempurna Graha Abadi and PT Sempurna Kayu Abadi with a authorised capital of IDR 10 billion. Paid up and issued capital of IDR 2.5 billion comprising 2,500 ordinary shares at IDR 1,000,000 per share. Samko Forestry Pte. Ltd. with paid-up and issued capital SGD 100,000 comprising 100,000 ordinary shares at SGD 1.00 per share.