Euro Façade Tech hereby announces the following Corporate exercises:
1. On 15 December 2017, Euro Façade Tech entered into an agreement with Stirling Investment Company Limited (“SIC”) to dispose of its entire stake in Euro Façade Tech HK (“EFTHK”) including its subsidiary EFT-Craft Company Limited (“Craft”) to SIC. With the disposal, Euro Façade Tech has ceased it business relationship with Craft as of the 31 December 2017.
2. On 9 January 2018, Euro Façade Tech entered into an agreement to dispose of its entire stake in Global Façade Tech Phils. Inc (“GFA”). With the disposal, Euro Façade Tech has ceased it business relationship with GFA effective immediately.
The Purpose of Separation:
Euro Façade Tech specializes in the design, supply and installation of high quality innovative customized architectural facades.
The purpose of the incorporation-type separation is to establish a brand that further develops our independence in the market with the objective of providing a point of difference whilst adding value to our client’s expectations. Implementing different business strategies to achieve these objectives by focusing on the Supply Only of product to the Australian market and maintaining continuous growth within the Southeast Asian market with a continued focus on the Malaysian market.