General Announcement

22/09/2006

ES CERAMICS TECHNOLOGY BHD ("ES CERAMICS" OR "COMPANY") (I) PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN GTR CERAMICS SDN BHD BY ES CERAMICS FOR A TOTAL CASH CONSIDERATION OF RM7,000,000; AND (II) PROPOSED ACQUISITION OF 99.99% EQUITY INTEREST IN GTR CERAMICS CO., LTD. BY ES CERAMICS FOR A TOTAL CASH CONSIDERATION OF RM2,000,000. (COLLECTIVELY REFERRED TO AS "PROPOSED ACQUISITIONS")

ES CERAMICS TECHNOLOGY BHD

Type

Announcement
SubjectES CERAMICS TECHNOLOGY BHD ("ES CERAMICS" OR "COMPANY")

(I) PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN GTR CERAMICS SDN BHD BY ES CERAMICS FOR A TOTAL CASH CONSIDERATION OF RM7,000,000; AND

(II) PROPOSED ACQUISITION OF 99.99% EQUITY INTEREST IN GTR CERAMICS CO., LTD. BY ES CERAMICS FOR A TOTAL CASH CONSIDERATION OF RM2,000,000.

(COLLECTIVELY REFERRED TO AS "PROPOSED ACQUISITIONS")

Contents :

Further to the announcements dated 20 July 2006 and 18 September 2006, K & N Kenanga Bhd, on behalf of the Board of Directors of ES Ceramics, is pleased to announce that the Foreign Investment Committee has approved the proposed acquisition of 100% equity interest in GTR Ceramics Sdn Bhd by ES Ceramics for a total cash consideration of RM7,000,000.


This announcement is dated 22 September 2006.


Announcement Info

Company NameES CERAMICS TECHNOLOGY BHD (MESDAQ Market) 
Stock Name ESCERAM
Date Announced22 Sept 2006  
CategoryGeneral Announcement
Reference NoO&-060922-60318

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