The Board of Directors of Tadmax Resources Berhad announced that it has on 12 January 2016 incorporated a subsidiary company known as Tadmax Coastal Sdn Bhd as a private limited company under the Companies Act, 1965. TCSB is currently dormant and intended to be utilized for the Group's property development and/or construction activities. The authorized share capital of TCSB is MYR 400,000 only divided into 400,000 ordinary shares of MYR 1.00 each, of which two ordinary shares have been issued at par and fully paid up.