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Automotive Suspension Business In Indonesia - Update
General Announcement |
Reference No AA-070815-59238 |
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Announcement |
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Automotive Suspension Business in Indonesia - Update |
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Reference is made to the announcement (reference AA-0621220-42991) on Automotive Suspension Business in Indonesia, which was first made by the Company on 20 December 2006.
Subsequent to the announcement made on 15 June 2007 on the change in equity structure of the joint venture company, approval from Indonesia's Investment Coordination Board had been obtained. The parties are in the process of registering the deed of the joint venture company.