News

The Board of Directors of APM Automotive Holdings Berhad (the “Company”) informs that the Group has incorporated a new private limited liability company in the Netherlands by the name of APM Auto Components Europe BV (Registration No. 63881101)(“AACE”) on 7 August 2015 to cater for the Group’s business expansion plans.

AACE was established under the laws of the Netherlands and has a registered share capital of €10,000 divided into 10,000 shares of par value €1.00 each.  AACE is a wholly-owned subsidiary of APM Automotive Global Limited (formerly known as APM Automotive Australia Limited), which in turn is a wholly-owned subsidiary of the Company. The intended principal activity of AACE is investment holding.

The incorporation of AACE has no material effect on the earnings, gearing and net assets of APM Group for the financial year ending 31 December 2015.

This announcement is dated 10 August 2015.