News

The Board of Directors of APM Automotive Holdings Berhad (“APM” or “the Company”) wishes to announce that the Company had via its wholly owned subsidiaries incorporated in Labuan, APM Automotive International Ltd., APM Automotive IndoChina Ltd., and APM Automotive Thailand Ltd., subscribed for the shares in a newly incorporated limited company in Thailand, namely APM Auto Components (Thailand) Ltd. (Registration No. 0135556022584) (“AACT”) which was registered as a juristic person by virtue of the Civil and Commercial Code in Thailand on 3 December 2013.

AACT has a registered capital of Baht 450,000,000 divided into 15,000,000 shares, at a par value of Baht 30 each and will have a paid up of Baht 7.5 per share, totaling Baht 112,500,000 which is to be internally funded. The shareholders of AACT are as follows

(Note : Under the Civil and Commercial Code of Thailand, three (3) nominees are required to set up a limited company in Thailand) 

AACT will be principally involved in the manufacturing of automotive plastic parts and components and carrying out the business of import and export of automotive parts and components.

The investment of AACT has no material effect on the earnings and net assets of APM Group for the financial year ending 31 December 2013.

None of the Directors and substantial shareholders of the Company has any interest, direct or indirect, in the incorporation of AACT.

This announcement is dated 4 December 2013.