News

Reference is made to our announcement dated 27 April 2016 in relation to the proposed acquisition (“Proposed Acquisition”) of the assets of TC Aluminium Castings Sdn Bhd (“TCAC”)(an indirect wholly-owned subsidiary of Tan Chong Motor Holdings Berhad) by APM Thermal Systems Sdn Bhd (a wholly-owned subsidiary of the Company) for a total cash consideration of RM5,701,318/- which is subject to price adjustment (“Proposed Acquisition Price”) and conditional upon the fulfilment of the conditions precedent (“Conditions Precedent”) as mentioned in the abovesaid announcement.

Unless otherwise stated, the abbreviations used in this announcement shall have the same meanings as defined in the said announcement.

The Board of Directors of APM wishes to inform that  all Conditions Precedent have been fulfilled and the Proposed Acquisition Price was adjusted and agreed at RM5,643,083.81; and as such the Proposed Acquisition has been completed on 6 September 2016.

This announcement is dated 6 September 2016.