Business Projection For Newly Invested Business
Following the announcement made on 5 September 2007 by Karin Technology Holdings Limited (the "Company") in relation to the investment in IMI Kabel Pte Limited ("IMI"), the Board of Directors (the "Directors") anticipates that this new business will be able to achieve its target sales revenue of S$5M and S$10M for the half year ended 31 December 2007 and full year ended 30 June 2008 respectively.
Investing in IMI will provide the Company and its subsidiaries (the "Group"), a good opportunity to extend the Group's footsteps onto the Singapore and ASEAN markets.
By Order of the Board
Ng Yuk Wing
8 October 2007