SINGAPORE,
31 October 2007 - Mainboard
listed Teckwah Industrial Corporation
("Teckwah" or "the
Group") today announced that its wholly-owned subsidiary, Teckwah Value Chain Pte. Ltd. has incorporated a new wholly-owned subsidiary, Singapore Print Media Hub Pte. Ltd, ("SPMH") with a paid up capital of SGD2.00 comprising two ordinary shares.
The principal activities of SPMH are investment holding and manufacturing of packaging solutions.
The above transaction is not expected to have any significant impact on the net earnings per share and net tangible assets per share of the Company for the current financial year ending 31 December 2007.
None of the directors, controlling shareholders or substantial shareholders of the Company has any interest, direct or indirect, in the above transaction.
