News

Pursuant to Paragraph 9.19(7) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of APM Automotive Holdings Berhad (“the Company”) wishes to inform that at the forthcoming Annual General Meeting, the Company will be seeking approval of shareholders in accordance with  Section 132E of the Companies Act, 1965, for a proposed sale and purchase transaction to be entered into between Auto Parts Manufacturers Co. Sdn Bhd as Vendor (a wholly-owned subsidiary of the Company) and Fuji Seats (Malaysia) Sdn Bhd as Purchaser (a 60% owned subsidiary of Auto Parts Holdings Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company) of all that piece of freehold land held under title no. HSD 47672, PT 16201, Town of Serendah, District of Ulu Selangor, State of Selangor measuring approximately 16,172 square metres together with a 2-storey office building with an annexed single storey factory, another single storey factory and two (2) guardhouses erected thereon bearing postal address No. 5, Jalan Jasmine 3, Seksyen BB10, Bukit Beruntung, 48300 Rawang, Selangor for a cash consideration of RM18,100,000.00 (“Proposed Transaction”).

A circular containing details of the Proposed Transaction will be dispatched to shareholders together with the 2013 Annual Report of the Company in due course.

This announcement is dated 16 April 2014.