News
Capital Investment
BackOct 30, 2009
The Board of Directors of Cheung Woh Technologies Ltd ("the Company") wishes to inform that the Company will be investing approximately S$8 million in early 2010 to expand its capacity for the production of hard disk drives components in its factory situated in Johor, Malaysia ("Capital Investment"). The Company will release further details on the Capital Investment when the said investment takes place in early 2010.
The Capital Investment will be financed by bank loan and internal resources.
The Capital Investment is not expected to have any material impact on the earnings per share and net tangible assets per share of the Company and Group for the financial year ending 28 February 2010.
Other than as disclosed above, none of the directors or substantial shareholders of the Company has any interest, direct or indirect, in the subject matter of this announcement.
By Order of the Board
Law Yu Chui
Director
30 October 2009
