The Board of Directors of Zecon Berhad announced that, on 28 May 2019, the Company has incorporated a new subsidiary, Saramax Land Sdn Bhd, with (SLSB) a paid up capital of MYR 100.00 of which 51% is owned by the Company and the balance of 49% is owned by Datuk Haji Zainal Abidin bin Haji Ahmad (Datuk Zainal), who is the Group Managing Director and Major Shareholder of ZECON. SLSB was incorporated as a private company limited by shares under the Companies Act 2016. SLSB has been incorporated for the purpose of investment holding activities.