Listed on : KLSE (Second Board) on 20.1.1994.

Incorporated : On 20.6.1991 in Malaysia as a private limited company; converted into a public company on 8.4.1993.

Change of name : From Sin Kean Boon Group Sdn Bhd to present form on conversion.

Background

The Company (SKB) began operations as an investment holding company in 1993, when it implemented a restructuring scheme to acquire several companies involved in the roller shutters and aluminium extrusions industries.

Approx. 35% of the Group's production of aluminium extrusions is exported; 60% of the storage racking system is exported to the Asia Pacific Region and the Middle East; 90% of the roller shutters and the metal fabrication products for building materials and steel doors are sold locally.

The annual production capacity of the Group's products is 15,000 m/t of aluminium extrusions; 250,000 sq m of roller shutters; 8,000 m/t of the steel storage racking system; 8,000 m/t of steel fabrication products for building materials; 70,000 sq m of steel doors and 400,000 units of door frames.

Principal Activities

Company - investment holding. Group - manufacture and sale of roller shutters, steel doors and frames and storage racking system; manufacture of aluminium extrusions and other aluminium and steel related products.

Financial Results

17 August 1999

Unaudited half year results
RM000’s

Barring any unforeseen circumstances, the Directors anticipate the performance for the year ending 31/12/1999 to remain profitable.

No interim dividend is recommended.

Announcements

24 August 1999

Changes in Audit Committee

Mr Sin Kheng Chuan will resign as Director and Managing Director of the Company effective from 30/9/1999. Accordingly he shall also cease to be a member of the Audit Committee effective from 30/9/1999.

29 June 1999

Rescission of purchase of land

In reply to the Exchange’s query on 25/6/99, the Co informed that Atlantic Structures S/B’s decision not to proceed with the purchase of industrial land at Bukit Minyak Industrial Park are due to the fol reasons :

1. The prop project that require the utilisation of the industrial land has been aborted due to the economic slowdown in Malaysia and the surrounding region; and
2. The high fin holding cost in proceeding with the purchase of the land.

15 June 1999

Joint secretary

Lam Voon Kean has been appointed as the joint secretary effective 15/6/99.

Directorate

Saw Phek Lean resigned as Exec Dir effective 15/6/99.

Mr Iwao Yamauchi has been appointed Alt Dir Mr Hiroshi Takayama and Mr Yang, Hsuan-Ming has been appointed Alt Dir to Mr Chen, Chiu-Hua and Mr Chen, Sheng-Hung has been appointed Alt Dir to Mr Chen, Mei Long effective 15/6/99.

Mr Chen, Mei Long has resigned as Chairman of the Board on 15/6/99, but he remains as a Dir of the Co.

Rescission of purchase of land

Atlantic Structures S/B, a wholly-owned subs of a wholly-owned subs of the Co, has decided not to proceed with the purchase of 12 acres of industrial land at Bukit Minyak Industrial Park.

04 June 1999

Disp of shares by subst s/holders

Shin Yen Textile Co Ltd has disp of its 100% equity in Shin Yen (BVI) Corp (a subst s/holder holding 4,697,658 shares or 26.1% of the Co) to Mr Wang Yen Sung. Mr Wang will now hv 4.76% direct int and 26.1% indirect int in the Co.

The fol persons are deemed to be interested parties :-

1. Mr Chen Mei-Long, where he and his associates hold more than 15% in Shin Yen Textile Co Ltd.
2. Mr Chen Yi-Jin, where he and his associates hold more than 15% in Shin Yen Textile Co Ltd.

09 April 1999

Directorate

Mr Tan Choo Hin has resigned as dir of the Co. He has been appointed an alt dir to Mr Tan Soo Seng. Mr Chang, Chih-Poing @ Chester C Chang has been appointed as dir and Deputy Managing Dir of the Co with effect fm 7/4/99.