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JES International Holdings Limited has been public listed on the mainboard of Singapore Exchange since December 2007. It was a leading heavy industry group and provided diversified services including shipbuilding, offshore engineering, global trading and investment. The Company’s major subsidiary in China had filed an application for a proposed restructuring in early 2015 in the Chinese courts, which was accepted by the Chinese courts in October 2016. Accompanying the proposed restructuring of the Company’s subsidiaries, the Company has also entered into a conditional sale and purchase agreement with Hong Kong Victo International Limited, pursuant to which the Company has agreed to sell all its Chinese shipbuilding subsidiaries and dispose of its shipbuilding and offshore engineering businesses.

In November 2016, the Company has entered into a conditional sale and purchase agreement to acquire 100% of the entire issued and paid-up share capital of Maya Asia Resources Sdn. Bhd. (“Maya”). Maya is an investment holding company and the principal activities of its subsidiaries which will be injected into the Company include the manufacturing and molding of plastic containers, plastic stationery, plastic bottle caps using raw plastic pellets, infant-care products such as wet- wipes, diapers and fashionwear, and the trading and distribution of canned food products such as tuna and preserved fruits.

As announced by the Company on 1 March 2017, the first phase of the proposed acquisition was effected, and subject to final completion of the proposed acquisition, Maya and its subsidiaries are expected to contribute positively to the Company’s financials for the financial year ending 31 December 2017. With that, the Company is looking forward to entering into a new period of consolidation and development.

Mission:Customer satisfaction, Shareholder satisfaction,Employee satisfaction