News

The Board of Directors of APM Automotive Holdings Berhad (“APM” or the “Company”) wishes to announce that PT. APM Mekar Armada Investama (“PTAMAI”), an indirect subsidiary of the Company, had on 25 August 2022 entered into a joint venture agreement (“JVA”) with Highly Marelli Holdings Co., Limited (“HM”) to establish a joint venture company in Indonesia as a vehicle to undertake the business of manufacturing, selling, wholesaling, importing and exporting HM designed or HM procured heating, ventilation and air-conditioning (“HVAC”) products, subject to the terms and conditions as stipulated therein (“Proposed Joint Venture”).

Please refer to the attachment for the full text of the announcement.

This announcement is dated 25 August 2022.