News

The Board of Directors of APM Automotive Holdings Berhad (the “Company”) wishes to announce  that  APM Auto Components Europe B.V. (“AACE”), a wholly-owned subsidiary of APM Automotive Global Limited (“AAGL”)(formerly known as APM Automotive Australia Limited), which in turn is a wholly-owned subsidiary of the Company has, together with Bent Holding B.V. (“BH”) established a joint venture company in the Netherlands by the name of APM-TS B.V. (Company No. 64538842)(“ATS”) on 12 November 2015.

ATS is a private limited liability company and has registered an initial share capital of €10 divided into 10 share of par value €1.00 each. The shareholding structure of ATS is as follows:-

(a)    AACE - 80%
(b)    BH - 20%

ATS was incorporated to carry out the business of development of springs, absorbers and coilovers for the automotive markets and is currently dormant.

The incorporation of ATS 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 13 November 2015.