(Unless otherwise stated, all abbreviations and definitions used herein shall have the same meaning as defined in the Company's announcement dated 29 October 2019 except where the context otherwise defined herein.)

The Company had on 29 October 2019 announced that PMB (Klang) Sdn Bhd has entered into the following agreements:

(i)         Conditional sale and purchase agreement(s) with Everlast Aluminium (M) Sdn Bhd, for the proposed acquisition of the following companies for a total aggregate cash consideration of RM43,182,000:-

(a)        2,000,000 ordinary shares in PMB Central Sdn Bhd, representing the entire equity interest in PMB Central Sdn Bhd, for a cash consideration of RM24,958,000;

(b)        1,000,000 ordinary shares in PMB Northern Sdn Bhd, representing the entire equity interest in PMB Northern Sdn Bhd, for a cash consideration of RM9,858,000; and

(c)        500,000 ordinary shares in PMB Eastern Sdn Bhd,  representing the entire equity interest in PMB Eastern Sdn Bhd, for a cash consideration of RM8,366,000.

(ii)       A conditional sale and purchase agreement with PMB Technology Berhad for the proposed acquisition of 200,000 ordinary shares in PMB Aluminium Sabah Sdn Bhd, for a cash consideration of RM1,204,000.

The Board of Directors wishes to announce that there has been no further development since the previous announcement.

This announcement is dated 28 November 2019.