Triple Head Coating Plant (Wiragain Sdn Bhd)

Sale of 100% equity interest in Wiragain Sdn Bhd ("WSB") or Invitation for Jointly Operate WSB or Triple Head Coating Plant

Assets of WSB
Freehold factory (covered area of about 70,000 sq. ft.), factory land and building situated at 143-145, Jalan Permata 1/5, Arab Malaysian Industrial Park, 71800 Nilai, Negeri Sembilan (land size of 27,021.9 s.m. or 290,870.7 s.f.) and Triple Head Coating Plant.

Product of Triple Head Coating Plant
Used for applying PV, Foam PVC, PUR, Latex, Rubber compounds and Acrylic on Fabrics, Paper, Foil, Glass Fibre for Upholstery, Tent Material, Hand Luggage, Rainwear/Waterproof Fabrics, Book Binding, Shoes, Table Cloth, Vinyl Tape, Wall Coverings, Floor Covering etc.

Origin of Triple Head Coating Plant
Product of Coatema Engeering Gmbh, Germany.

Capacity of Triple Head Coating Plant
The manufacturing process is by the automated high technology and its production capacity is approximately 2.35 million square meters per year based on one 8-hour shift operation. The machines can be operated continuously if required giving a maximum capacity of 7.5 million square meters per year. The other specification is as follow:

Warranties/Indemnities
It is currently charged. However, it will be sold free of encumbrance.

Note
WSB is sold as-is-where-is-basis.