Brief: Announces joint venture between an indirect unit of co and Tachi S-(Thailand) co., ltd
12/08/2016 10:52
Aug 12 (Reuters) - APM Automotive Holdings Bhd APMA.KL : * Joint venture between APM Automotive indochina ltd, an indirect unit of co and Tachi S-Thailand) co., ltd * New jv co will be incorporated in socialist republic of Vietnam with an investment capital and charter capital of USD2.5 million * Co to contribute 49%, being a sum of US$1.2 million and Tachi S-to contribute 51%, being a sum of USD1.3 million for the deal * Deal to carry on business of developing, manufacturing, assembling and sale of automotive seats in Vietnam * Deal will have no material effect on earnings per share, net assets per share for the financial year ending 31 December 2016 * Source text (http://bit.ly/2bbAm6d) ((Further company coverage: APMA.KL )) ((Bangalore.newsroom@thomsonreuters.com))