Notice Regarding Establishment of a joint venture in Malaysia
January 10, 2017
Nissha Printing Co.,Ltd.
Nissha Industrial and Trading Malaysia Sdn. Bhd. (Malaysia), an industrial materials-related consolidated subsidiary of Nissha Printing Co., Ltd. (hereinafter the “Company”) hereby announces that the Company has established a joint venture for the production of Luxury Vinyl tiles with the building materials maker, Scanwolf Plastic Industries Sdn. Bhd and entitled to allotment of shares of the joint venture on January 6, 2017 in accordance with the “Conclusion of a joint investment agreement related to the establishment of a joint venture in Malaysia” previously announced on December 5, 2016.
Outline of the joint venture
| Name | Nissha Flooring Industries Sdn. Bhd. |
|---|---|
| Location | Lot 192446, Jalan Bota, 31750 Mukim Belanja, Tronoh, Perak, Malaysia |
| The completion date of establishment and allotment of shares* | January 6, 2017 |
| Representative | Amir Bin Othman |
| Investment ratio | Nissha Industrial and Trading Malaysia Sdn. Bhd. 65.1% Scanwolf Plastic Industries Sdn. Bhd. 34.9% |
| Business description | Production of Luxury Vinyl tiles |
*The completion of the payment in accordance with the joint venture agreement concluded on December 2, 2016.
Outline of the joint company (Scanwolf Plastic Industries Sdn. Bhd.)
| Name | Scanwolf Plastic Industries Sdn. Bhd. |
|---|---|
| Location | Lot PT404, Jalan Bota, 31750 Mukim Belanja, Tronoh, Perak, Malaysia |
| Established | September 1993 |
| Representative | Dato’Tan Sin Keat |
| Business description | Designing & manufacturing of plastic extrusions and manufacturing of PVC compounding |
| Net sales | RM 34.265million（year ended June 2016) |
The content of the web is information at press time, may change thereafter without notice. Due to risks and uncertainties, predictions may differ from actual results. Please be forewarned.
