Company Name
:
EP MANUFACTURING BHD
Stock Name
:
EPMB  
Date Announced
:
03/10/2013


Type
:
Announcement
Subject
:
OTHERS

Description
:
EP MANUFACTURING BHD ("EPMB" OR "THE COMPANY")
RE-ORGANISATION OF GROUP STRUCTURE

Announcement Details/Table Section :


Pursuant to paragraph 9.19(5) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of EPMB wishes to announce that Peps-JV (M) Sdn Bhd, a wholly-owned subsidiary of the Company has on 3 October 2013 acquired the entire equity interest representing 2 ordinary shares of RM1.00 each in Peps-JV (Melaka) Sdn Bhd (formerly known as EPTS Manufacturing Sdn Bhd) ("Peps-JV (Melaka)") from EP Polymers (M) Sdn Bhd, another wholly-owned subsidiary of the Company, for a cash consideration of RM2.00 ("Internal Re-organisation").

Peps-JV (Melaka) was incorporated on 27 July 2006. As at the date hereof, Peps-JV (Melaka) has an authorized and paid-up share capital of RM100,000.00 and RM2.00 respectively. Peps-JV (Melaka) is currently dormant and its intended principal activity after the Internal Re-organisation will be manufacturing of automotive components.

The Internal Re-organisation will not have any effect on the Company's issued and paid-up share capital and substantial shareholders' shareholdings. There will be no material effect on the group's earnings per share, gearing and net assets per share.

None of the Directors, major shareholders and/or persons connected with them has any interest, direct or indirect, in the Internal Re-organisation.


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