News: Deals: Reports

Mecglow Industries Sdn Bhd & Sin Kean Boon Group Bhd	Update Date: 06/26/06
Date Announced: 09/09/05
Value (million $USD): n/a

Status: Completed

TRANSACTION DETAILS
Date Announced	09/09/05
Date Originally Announced	09/09/05
Format	Merger	Acquisition techniques	Joint Venture
Attitude	Friendly	Agency	n/a
Value	n/a	Advisor Fees	n/a

SYNOPSIS
MALAYSIA - Sin Kean Boon Group Bhd (SK) acquired a 51% interest in Mecglow Industries Sdn Bhd (MI), a pallet racking and shelving systems manufacturer and wholesaler, for a nominal cash consideration of 2 Malaysian ringgit ($0.531 US), in the formation of a joint venture.

TARGET
Name	Mecglow Industries Sdn Bhd
Industries	n/a
City	n/a
State	n/a
Nation	Malaysia
Incorporated in	n/a
Public Status	Private
Business Description	Provide storage solution services
Advisors	NULL
Target Sales	n/a

ACQUIROR
Name	Sin Kean Boon Group Bhd (Kuala Lump : SKB)
Industries	Aluminum rolling and drawing, nec; Primary production of aluminum; Sheet metal work; Fabricated plate work (boiler shops); Metal doors, sash, trim; Offices of holding companies, nec
City	Prai, Penang
State	n/a
Nation	Malaysia
Incorporated in	n/a
Public Status	Public
Business Description	Manufacture aluminum extrusions, roller shutter, storage systems, steel doors, shower screens; holding company
Advisors	NULL
Acquiror Sales	40.0 million U.S. Dollar 151.9 million Malaysian Ringgit

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