News

We refer to the Company’s announcements dated 13 June 2017 and 19 June 2017. Pursuant to the Proposed Listing, the Board of Directors of PCB (“Board”) wishes to announce that the Company had on 17 July 2017 entered into the following sale and purchase agreements to:

(i) undertake an internal reorganisation exercise within the Company and its subsidiaries (“PCB Group”) via the transfer of its entire equity interest in three (3) wholly-owned subsidiaries of the Company under the Automated Solution Business (as defined below) to Pentamaster International Limited ("PIL"), a wholly-owned subsidiary of PCB (“SPA I”) (“Internal Reorganisation”); and

(ii) dispose 74 ordinary shares of HKD0.01 each in PIL (“PIL Share(s)”), representing 7.40% of equity interest in PIL, after the Internal Reorganisation, to GEMS Opportunities Limited Partnership (“GEMS”), for a total cash consideration of RM25,500,000 (“Disposal Consideration”) (“SPA II”) (“Proposed Disposal”); (collectively referred to as “Proposals”).

Details of the Proposals are set out in the attached file.