News

We refer to the announcement dated 26 September 2019 (the “Announcement”) in relation to the proposed acquisition of TP Concept Sdn. Bhd. by Pentamaster Equipment Manufacturing Sdn. Bhd., a wholly-owned subsidiary of Pentamaster International Limited, which in turn is a subsidiary of PCB (“Proposed Acquisition”), and are pleased to provide additional information set out below. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

1. With reference to paragraph 2.6 in the Announcement, the Board of Directors of PCB is of the opinion that the profit guarantee provided by the Vendors is realistic, taking into consideration the historical performance and future prospects of TP.
2. With reference to paragraph 13 of the Announcement, a copy of the SSA will be made available for inspection during normal office hours (except public holidays) at the registered office of PCB at 35, 1st Floor, Jalan Kelisa Emas 1, Taman Kelisa Emas, 13700 Seberang Jaya, Penang for a period of three (3) month from the date of the Announcement.

This announcement is dated 27 September 2019.