News

The Company informs that a wholly owned subsidiary with the name of APM Auto Parts Marketing (Malaysia) Sdn Bhd has been incorporated under the Companies Act, 1965 on 6 March 2012.

APM Auto Parts Marketing (Malaysia) Sdn Bhd has an authorised capital of RM5,000,000.00 made up of 5,000,000 shares of RM1.00 each and an issued and paid-up share capital of RM2.00. Its principal activity is to carry on the business of procurement, exporters, importers and sale of raw materials, components and automotive parts and accessories.

The incorporation will have no material effect on the earnings and net assets of the Company for the financial year ending 31 December 2012. None of the directors or major shareholders or persons connected with them has an interest, direct or indirect, in the incorporation.

This announcement is dated 8 March 2012.