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BackDec 08, 2014
Type Announcement
Subject OTHERS
Description APM AUTOMOTIVE HOLDINGS BERHAD (the “Company” or “APM”)
REGISTRATION OF NEW SUBSIDIARIES IN INDONESIA

The Board of Directors of the Company informs that the Ministry of Law and Human Rights of the Republic of Indonesia (“MLHR”) has on 5 December 2014 approved the deed of establishment of the following wholly-owned subsidiaries (“New Subsidiaries”):

 

Name:

PT. APM Leaf Springs Indonesia (Pursuant to MLHR’s Decision no. AHU-38158.40.10.2014).

PT. APM Shock Absorbers Indonesia (Pursuant to MLHR’s Decision no. AHU-38159.40.10.2014).

Issued and paid-up capital:

Authorised Capital: US$15,000,000 (equivalent to Rp. 182,415,000,000) comprising of 15,000,000 shares each having nominal value of US$1.00 (equivalent to Rp. 12,161).

 

Issued and Paid up Capital: US$7,500,000 (equivalent to Rp. 91,207,500,000)

Authorised Capital: US$5,000,000 (equivalent to Rp. 60,965,000,000) comprising of 5,000,000 shares each having nominal value of US$1.00(equivalent to Rp. 12,193).

 

Issued and Paid up Capital: US$3,000,000 (equivalent to Rp. 36,579,000,000)

Shareholders:

PT. APM Automotive Indonesia – 5,625,000 shares (75%)

 

PT. APM Auto Components Indonesia – 1,875,000 shares (25%)

PT. APM Automotive Indonesia  – 2,250,000 shares (75%)

 

PT. APM Auto Components Indonesia   – 750,000 shares (25%)

Line of  business:

Manufacture and sale of leaf springs

Manufacture and sale of shock absorbers

The registrations of the New Subsidiaries have no material effect on the earnings, gearing and net assets of the APM Group for the financial year ending 31 December 2014.

This announcement is dated 8 December 2014.

 

Announcement Info

Company Name APM AUTOMOTIVE HOLDINGS BERHAD  
Stock Name APM    
Date Announced 8 Dec 2014  
Category General Announcement
Reference No AA-141208-62070