Date: 2013-08-01

Kian Ho Bearings Ltd Announces Establishment Of Subsidiary

Kian Ho Bearings Ltd announced that it had established a subsidiary company, Excel (Hangzhou) Power Transmissions Co., Ltd on July 17, 2008 with a registered capital of USD 100,000. The Company's share of investment in Excel (Hangzhou) Power Transmissions Co., Ltd is USD 70,000 which is equivalent to 70% of the share capital of Excel (Hangzhou) Power Transmissions Co., Ltd.

Kian Ho, first established as a sole proprietorship in 1956, is now one of the largest stockists, distributors and retailers of bearings and seal products in Singapore, catering primarily to the replacement market.

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