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Name of Announcer * FEDERAL INT(2000) LTD  
Company Registration No. 199907113K  
Announcement submitted on behalf of FEDERAL INT(2000) LTD  
Announcement is submitted with respect to * FEDERAL INT(2000) LTD  
Announcement is submitted by * Chng Geok  
Designation * Company Secretary  
Date & Time of Broadcast 13-Apr-2005 19:13:34  
Announcement No. 00099  
 
 
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Announcement Title * INCORPORATION OF A NEW SUBSIDIARY IN THE PEOPLE'S REPUBLIC OF CHINA BY A JOINT VENTURE COMPANY  
 
Description
The Board of Directors of Federal International (2000) Ltd is pleased to announce that its Joint Venture Company, Tiong Woon China Consortium Pte Ltd ("TWCC") has incorporated a wholly owned subsidiary, Tiong Woon (Huizhou) Industrial Services Co., Ltd ("TWCHZ") in Huizhou City, Guangdong Province, People's Republic of China ("PRC").

TWCHZ has a paid-up capital of US$6,050,000 and it shall engage in the business of heavy lifting services in the Oil, Gas, Petrochemicals and other related construction industries in the PRC. The new subsidiary has obtained its business license and the necessary approvals and permits from the relevant PRC authorities.

TWCC is a joint venture company owned by the Tiong Woon Corporation Holding Ltd ("TWCH"), Rotary Engineering Limited ("REL") and Federal International (2000) Ltd ("FIL") in which Federal owned 10% equity stakes whilst TWCH and REL hold the remaining 65% and 25% equity stakes respectively.

None of the directors or substantial shareholders of the Company has any interest, direct or indirect in the aforesaid incorporation.



By Order of the Board

Chng Geok
Company Secretary  
 
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