General Announcement::Incorporation of new subsidiary in Malaysia

Issuer & Securities

Issuer/ Manager
ALLIED TECHNOLOGIES LIMITED
Securities
ALLIED TECHNOLOGIES LIMITED - SG1O07910928 - A13
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
17-Aug-2016 17:53:48
Status
New
Announcement Sub Title
Incorporation of new subsidiary in Malaysia
Announcement Reference
SG160817OTHR5QSK
Submitted By (Co./ Ind. Name)
Hsu Ching Yuh @ Sheu Ching Yuh
Designation
Chief Executive Officer and Group Managing Director
Effective Date and Time of the event
17/08/2016 17:00:00
Description (Please provide a detailed description of the event in the box below)
The Board of Directors (the "Board") of Allied Technologies Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that the Company has incorporated a wholly-owned subsidiary in Malaysia, known as Allied Precision Technologies (M) Sdn. Bhd ("APTM").

The principal activities of APTM include: (a) design, research & development, manufacture of dies, moulds, tools, jigs and fixtures; (b) manufacture of metal stamping part of all kinds of precision equipment, electronic equipment, engineering and home appliances products; and sub/full assembly of mechanical components of printer, copier, computer, server, communication, medical equipment, automotive product and all types of home appliances products.

APTM has a registered share capital of RM2.00, divided into 2 shares of RM1.00 each.

The incorporation of APTM is funded through internal resources and is not expected to have any material impact on the earnings per share or net tangible assets of the Group for the financial year ending 31 December 2016.

None of the Directors or controlling shareholders of the Company (other than in their capacity as a Director or shareholder of the Company) has any interest, direct or indirect, in the incorporation of APTM.

Attachments