| Miscellaneous | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | ARMSTRONG INDUSTRIAL CORP LTD |
| Company Registration No. | 198003808K |
| Announcement submitted on behalf of | ARMSTRONG INDUSTRIAL CORP LTD |
| Announcement is submitted with respect to * | ARMSTRONG INDUSTRIAL CORP LTD |
| Announcement is submitted by * | KOH GIM HOE STEVEN |
| Designation * | DEPUTY CHIEF EXECUTIVE OFFICER / EXECUTIVE DIRECTOR |
| Date & Time of Broacast | 08-Nov-2012 17:25:47 |
| Announcement No. | 00082 |
| Price Sensitivity | No |
| >> Announcement Details | |
| The details of the announcement start here ... |
| Announcement Title * | Registration of a Wholly-Owned Subsidiary by Armstrong-Odenwald (Asia) Pte Ltd |
| Description | The Board of Directors of Armstrong Industrial Corporation Ltd ("Armstrong" or "the Company") is pleased to announce that the Company's subsidiary, Armstrong-Odenwald (Asia) Pte Ltd ("Armstrong-Odenwald Asia") has registered a wholly-owned subsidiary, Armstrong Odenwald Technology (Changshu) Co., Ltd. ("Armstrong Odenwald Changshu") in the People's Republic of China. Armstrong-Odenwald Asia is a 80%-owned subsidiary of the Company. The balance 20% share is held by a German partner, Odenwald-Chemie GmbH. Armstrong Odenwald Changshu was established with a registered capital of US$1.5 million. The principal activity of Armstrong Odenwald Changshu is that of the production of noise and vibration reduction components for the automotive industry. The above transaction was funded through internal resources and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Armstrong Group for the current financial year ending 31 December 2012. None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the above transaction. BY ORDER OF THE BOARD Koh Gim Hoe Steven Deputy Chief Executive Officer/Executive Director 8 November 2012 |
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