Hoe Leong Corporation Ltd. Proposes Acquisition Of Entire Equity Interest In Korea Crawler Track Ltd

Hoe Leong Corporation Ltd. announced that with reference to the previous announcement dated August 24, 2011 and November 16, 2011 in relation to the conditional sale and purchase of shares agreement entered into by the Company with its controlling shareholder, Hoe Leong Co. (Pte.) Ltd, to acquire 100% interest in the registered and paid-up capital of Korea Crawler Track Ltd (KCTL), a corporation incorporated in the Republic of Korea (Proposed Acquisition). The Directors are announced that the Proposed Acquisition has been completed on December 16, 2011. Terms of the transaction were not disclosed.