<SEC-DOCUMENT>0001171843-19-005495.txt : 20190814
<SEC-HEADER>0001171843-19-005495.hdr.sgml : 20190814
<ACCEPTANCE-DATETIME>20190814155506
ACCESSION NUMBER:		0001171843-19-005495
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190814
FILED AS OF DATE:		20190814
DATE AS OF CHANGE:		20190814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASIA PACIFIC WIRE & CABLE CORP LTD
		CENTRAL INDEX KEY:			0001026980
		STANDARD INDUSTRIAL CLASSIFICATION:	DRAWING AND INSULATING NONFERROUS WIRE [3357]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14542
		FILM NUMBER:		191025974

	BUSINESS ADDRESS:	
		STREET 1:		ROOM B 7/FL., NO. 132, SEC. 3
		STREET 2:		MIN-SHENG EAST ROAD
		CITY:			TAIPEI, 105
		STATE:			F5
		ZIP:			105
		BUSINESS PHONE:		886-2-2712-2558

	MAIL ADDRESS:	
		STREET 1:		ROOM B 7/FL., NO. 132, SEC. 3
		STREET 2:		MIN-SHENG EAST ROAD
		CITY:			TAIPEI, 105
		STATE:			F5
		ZIP:			105
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>f6k_081419.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title></title></head><body style="FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><div align="center"><div style="margin-top: 3pt; margin-bottom: 12pt;"><div style="font-size: 1pt; border-top: Black 2.5pt solid; border-bottom: Black 1.1pt solid; width: 100%;">&#160;</div></div><p style="font-size: 14pt;" align="center"><strong>UNITED STATES</strong><br /><strong>SECURITIES AND EXCHANGE COMMISSION</strong><br /><strong>Washington, D.C. 20549</strong></p><p style="font-size: 14pt; text-transform: uppercase;" align="center"><strong>Form 6-K</strong></p><p style="text-align: center;"><strong></strong></p><p style="text-align: center;"><strong>REPORT OF FOREIGN PRIVATE ISSUER <br />PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE <br />SECURITIES EXCHANGE ACT OF 1934</strong></p><p style="text-align: center;"><strong></strong><strong>August 2019</strong></p><p style="text-align: center;"><strong>Commission File Number:</strong> <strong>1-14542</strong></p><p style="text-align: center;"><font style="font-size: 12pt;"><strong>ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED</strong></font><br />(Translation of registrant's name into English)</p><p style="text-align: center;"><strong>Bermuda</strong> <br />(Jurisdiction of incorporation or organization)</p><p style="text-align: center;"><strong>7/Fl. B, No. 132<br />
Min-Sheng East Road, Sec. 3<br />
Taipei, 105, Taiwan<br />
Republic of China</strong><br />(Address of principal executive office)</p></div><p>Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.<br />Form 20-F [&#160;X ] &#160;&#160;&#160;&#160;&#160;Form 40-F [&#160;&#160; ]</p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): __<u>&#160;</u></p><p>Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): __<u>&#160;</u></p><hr style="page-break-after: always;" noshade="noshade" /><p>
 <p><font style="font-size:10pt;">The Registrant issued two press releases, one on May 13, 2019 and another on June 26, 2019, copies of which are attached hereto as Exhibit 99.1 and 99.2 and are incorporated herein by reference.</font></p> <table style="width:645; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td style="vertical-align: bottom ; "><font style="font-size:10pt;"><strong><u>Exhibit Number</u></strong></font></td><td class="hugin"><font style="font-size:10pt;">&#160;</font></td><td style="vertical-align: bottom ; "><font style="font-size:10pt;"><strong><u>Description</u></strong></font></td></tr><tr><td class="hugin"><font style="font-size:10pt;">&#160;</font></td><td class="hugin"><font style="font-size:10pt;">&#160;</font></td><td class="hugin"><font style="font-size:10pt;">&#160;</font></td></tr><tr><td class="hugin"><font style="font-size:10pt;"><font style="font-size:10pt;"><a href="exh_991.htm" rel="nofollow">99.1</a></font></font></td><td class="hugin"><font style="font-size:10pt;">&#160;</font></td><td class="hugin"><font style="font-size:10pt;"><font style="font-size:10pt;"><a href="exh_991.htm" rel="nofollow">Press Release dated May 13, 2019</a></font></font></td><td class="hugin"><font style="font-size:10pt;">&#160;</font></td><td class="hugin"><font style="font-size:10pt;">&#160;</font></td></tr><tr><td class="hugin"><font style="font-size:10pt;"><font style="font-size:10pt;"><a href="exh_992.htm" rel="nofollow">99.2</a></font></font></td><td class="hugin"><font style="font-size:10pt;">&#160;</font></td><td class="hugin"><font style="font-size:10pt;"><font style="font-size:10pt;"><a href="exh_992.htm" rel="nofollow">Press Release dated June 26, 2019</a></font></font></td></tr></table></p><hr style="page-break-after: always;" noshade="noshade" /><p style="text-align: center;"><strong>SIGNATURES</strong></p><p>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><table style="font-family: Times New Roman; font-size: 10pt;" border="0" width="100%" cellspacing="0" cellpadding="0"><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%"><strong>&#160;&#160;&#160;&#160;ASIA PACIFIC WIRE & CABLE CORPORATION LIMITED&#160;&#160;&#160;&#160;</strong></td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">(Registrant)</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr><tr valign="top"><td width="47%">Date: August 14, 2019</td><td width="6%">&#160;</td><td style="text-decoration: underline;" align="center" width="47%">&#160;&#160;&#160;&#160;/s/ Ivan Hsia&#160;&#160;&#160;&#160;</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Ivan Hsia</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%">Chief Financial Officer</td></tr><tr valign="top"><td width="47%">&#160;</td><td width="6%">&#160;</td><td align="center" width="47%"></td></tr></table></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exh_991.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252" ><meta name="GENERATOR" content="MSHTML 8.00.7601.18094" ></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.1</strong></p><p style="text-align: center;"><font style="font-size: 14pt;"><strong>Asia Pacific Wire & Cable Corporation to Host 2019 Annual Shareholders Meeting on August 30, 2019</strong></font></p><p style="text-align: center;"><strong></strong></p><p>
 <p align="left">TAIPEI, Taiwan, May  13, 2019  (GLOBE NEWSWIRE) -- Asia Pacific Wire &amp; Cable Corporation Limited (NASDAQ: APWC) (the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced that the Company will host its 2019 Annual General Meeting (the "Meeting") for shareholders at its headquarters located at Room B, 7th Floor, No. 132, Min-Sheng East Road Section 3, Taipei, 105, Taiwan on Friday, August 30, 2019 at 9 am EDT.<br ></p>  <p>The Meeting is being held for the purposes below, and additional information, including the agenda of all matters being put to a vote of shareholders, will be provided in the Notice of Meeting (the "Notice of Meeting") and related proxy statement that will be provided to shareholders. As of the date hereof, the agenda is intended to include for voting by shareholders the matters set forth below. The Company reserves the right to finalize the meeting agenda in its discretion.</p>  <ol type="1"><li value="1">To approve the written record of the last Annual General Meeting of Shareholders of the Company held on August 31, 2018</li><li>To approve the minimum number of directorships at two (2) and the maximum number of directorship at nine (9)</li><li>To elect up to nine (9) directors&#160;</li><li>To approve the compensation to be paid to each of the directors</li><li>To present before the Meeting the audited financial statements of the Company for the fiscal year ended December 31, 2018</li><li>To approve the appointment of PricewaterhouseCoopers Taiwan as the independent auditor of the Company for the 2019 fiscal year, and to authorize the Board of Directors of the Company acting through its Audit Committee to determine the remuneration of the independent auditors for the 2019 fiscal year</li><li>To consider such other matters as may be appropriately brought before the shareholders</li></ol>  <p>The record date for shareholders wishing to vote in the Meeting is planned to be set as June 28, 2019. All shareholders of record as of the record date shall be entitled to one vote per share on all matters put to shareholders at the Meeting, all as shall be more fully described in the Notice of Meeting and related proxy statement that will be provided to shareholders of record.</p>  <p>Shareholders not able to attend the Meeting in person will be invited to participate by conference telephone by dialing in to the Meeting on one of the conference call-in numbers that will be provided in the Notice of Meeting.</p>  <p><strong>About Asia Pacific Wire &amp; Cable Corporation</strong></p>  <p>Asia Pacific Wire &amp; Cable Corporation is principally engaged in the manufacture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the Asia Pacific region, primarily in Thailand, China, Singapore and Australia. The Company manufactures and distributes its own wire and cable products and also distributes wire and cable products ("Distributed Products") manufactured by its principal shareholder, Pacific Electric Wire &amp; Cable Company, a Taiwanese company ("PEWC"). The Company also provides project engineering services in the supply, delivery and installation ("SDI") of power cables to certain of its customers.</p>  <p><strong>Safe Harbor Statement</strong></p>  <p>This release contains certain "forward-looking statements" relating to the Company, its business, and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes", &#8220;anticipates&#8221;, "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.</p> <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td style="vertical-align: top ; "><strong>Contact:</strong><br ><em>Investor Relations Contact:<br > Asia Alpha Investor Relations<br > Lisa A. Gray</em><br ><em>Partner &amp; Senior Account Manager<br > Phone: +1-212-989-9899<br > Email: </em><em>lisa@asiaalphair.com</em><br ><em>Web:&#160; </em><em>https://asiaalphair.com/</em></td></tr></table> <p><br ></p> </p><p ></p></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>exh_992.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"><html lang="en-US"><head><title>EdgarFiling</title><meta content="text/html; charset=windows-1252" ><meta name="GENERATOR" content="MSHTML 8.00.7601.18094" ></head><body bgcolor="#ffffff"><p style="text-align: right;"><strong>EXHIBIT 99.2</strong></p><p style="text-align: center;"><font style="font-size: 14pt;"><strong>Asia Pacific Wire & Cable Corporation Ltd. Reports First Quarter 2019 Financial Results</strong></font></p><p style="text-align: center;"><strong></strong></p><p>
   <p align="left">TAIPEI, Taiwan, June  26, 2019  (GLOBE NEWSWIRE) -- Asia Pacific Wire &amp; Cable Corporation Limited (NASDAQ: APWC) ("APWC" or the "Company"), a leading manufacturer of wire and cable products for the telecommunications and electric-power industries in the Asia-Pacific region, today announced the Company's financial results for the three months ended March 31, 2019. Unless otherwise indicated, all data are reported in US Dollars at the exchange rate prevailing on the date of the event or result reported.<br ></p>  <table style="width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td colspan="8" style="vertical-align: bottom ; "><strong>First Three Months 2019 Financial Results&#160;</strong>(Ended March 31, 2019)</td></tr><tr><td colspan="8" style="vertical-align: bottom ; ">&#160;</td></tr><tr><td style="vertical-align: bottom ; ">&#160;</td><td colspan="3" style="vertical-align: bottom ; "><u>First 3 Months 2019</u></td><td colspan="2" style="vertical-align: bottom ; "><u>First 3 Months 2018</u></td><td colspan="2" style="vertical-align: bottom ; "><u>CHANGE</u></td></tr><tr><td style="max-width:24%; width:24%; min-width:24%;;vertical-align: bottom ; ">Revenues</td><td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td><td colspan="2" style="max-width:25%; width:25%; min-width:25%;;vertical-align: bottom ; ">81.6 million</td><td style="max-width:1%; width:1%; min-width:1%;;vertical-align: bottom ; ">$</td><td style="max-width:24%; width:24%; min-width:24%;;vertical-align: bottom ; ">106.1 million</td><td colspan="2" style="max-width:25%; width:25%; min-width:25%;;padding-right: 0 ; text-align: left ;  vertical-align: middle; ">(23.1)%</td></tr><tr><td style="vertical-align: bottom ; ">Gross Profit</td><td style="vertical-align: bottom ; ">$</td><td colspan="2" style="vertical-align: bottom ; ">6.0 million</td><td style="vertical-align: bottom ; ">$</td><td style="vertical-align: bottom ; ">7.9 million</td><td colspan="2" style="padding-right: 0 ; text-align: left ;  vertical-align: middle; ">(24.9)%</td></tr><tr><td style="vertical-align: bottom ; ">Net Income (Loss)</td><td style="vertical-align: bottom ; ">$</td><td colspan="2" style="vertical-align: bottom ; ">(0.67) million</td><td style="vertical-align: bottom ; ">$</td><td style="vertical-align: bottom ; ">0.09 million</td><td colspan="2" style="padding-right: 0 ; text-align: left ;  vertical-align: middle; ">(875.6)%</td></tr><tr><td style="vertical-align: bottom ; ">EPS<sup>(1)</sup></td><td style="vertical-align: bottom ; ">$</td><td colspan="2" style="padding-right: 0 ; text-align: left ;  vertical-align: middle; vertical-align: bottom ; ">(0.05)</td><td style="vertical-align: bottom ; ">$</td><td style="vertical-align: bottom ; ">0.01</td><td colspan="2" style="padding-right: 0 ; text-align: left ;  vertical-align: middle; ">(600.0)%</td></tr><tr><td colspan="8" style="vertical-align: bottom ; ">&#160;</td></tr><tr><td colspan="8" style="vertical-align: bottom ; ">(1)The calculation of the earnings per share is based on 13,819,669 and 13,819,669 basic and diluted weighted common shares issued and outstanding for the three months ended March 31, 2019 and 2018, respectively.</td></tr></table>  <p><strong>First Three Months 2019 Results</strong>&#160;</p>    <p>Net revenues for the three months ended March 31, 2019, were $81.6 million, a decrease of 23.1% from $106.1 million in the prior year. &#160;The decrease was primarily attributable to revenue decreases in the Company&#8217;s Thailand, North Asia and Rest of World (ROW) regions. Net revenue in the Company&#8217;s Thailand region decreased by 9.8%, primarily due to less projects from the public sector. Revenues in the Company's North Asia region decreased by 29.9%, primarily due to negative impact of the trade war between the United States and China. Revenues in the Company's Rest of World ("ROW") region decreased by 23.1%, primarily due to intense competition. The Company's North Asia region includes China and Hong Kong; the Thailand region contains the operations and sales inside Thailand; the ROW region includes Singapore, Australia and the other markets where APWC has operations or sales outside of the Thailand region and North Asia region.</p>    <p>Operating profit for the three months ended March 31, 2019 decreased by 110.5% to $(0.2) million from $1.8 million in the same period last year. &#160;Operating margin decreased by 113.6%, declining from 1.7% in 2018 to (0.2)% in 2019. &#160;In the Thailand region, operating margin declined from 3.6% to 1.4%, which was attributable primarily to decreases in sales of higher margin products and increases in the advertising &amp; sales promotion expenditures in an effort to expand the market.&#160;In the North Asia region, operating margin decreased slightly, primarily due to a decrease in revenue. The ROW region&#8217;s operating margin decrease in 2019 was primarily attributable to a decrease in revenue in the region.</p>    <p>Selling, general and administrative expenses for the first quarter of 2019 were $6.4 million, compared to $6.4 million reported in the first quarter of 2018. &#160;Net loss attributable to APWC shareholders was $(0.67) million for the first quarter of 2019, compared to net income of $0.09 million in the same period in 2018. &#160;The decrease in net income was primarily due to a decrease in revenue. The weighted average number of shares issued and outstanding was 13.82 million for the three months ended March 31, 2019 and 2018.</p>    <p><strong>Financial Condition</strong></p>    <p>APWC reported $64.0 million in cash and cash equivalents as of March 31, 2019, compared to cash and cash equivalents of $60.8 million as of December 31, 2018.</p>    <p>Current assets totaled $255.1 million as of March 31, 2019, compared to $254.1 million as of December 31, 2018. &#160;Working capital was $184.1 million as of March 31, 2019. &#160;Short term bank loans were $22.5 million at March 31, 2019, a decrease from $24.8 million at the end of 2018. &#160;The Company had no long-term debt outstanding at March 31, 2019. Shareholder's equity attributable to APWC was $151.7 million as of March 31, 2019, compared to $150.0 million as of December 31, 2018.</p>    <p>APWC reported $6.7 million cash generated from operations during the three months ended March 31, 2019, compared to cash generated from operations of $14.3 million in the corresponding period in 2018. The decrease in cash generated from operations in 2019 was primarily attributable to increase in inventory and a decrease in net profit. The Company reported $1.4 million in cash outflows from investing activities during the three months ended March 31, 2019, compared to $1.0 million in cash outflows in the same period of 2018. The cash used more for investing activities in the first quarter of 2019 was attributable primarily to the increase in purchases of property, plant and equipment in the Thailand region.&#160; APWC reported $2.9 million in cash outflows from financing activities during the first quarter of 2019, compared to $7.9 million in cash outflows from financing activities in the same period of 2018. The decrease in cash outflows in 2019 was primarily attributable to a decrease in the repayment of bank loans.</p>    <p>We encourage shareholders to visit the Company's website for further information (www.apwcc.com). Information on the Company's website or any other website does not constitute a portion of this release.</p>    <p><strong>About Asia Pacific Wire &amp; Cable Corporation</strong></p>    <p>Asia Pacific Wire &amp; Cable Corporation is principally engaged in the manufacture and distribution of telecommunications (copper and fiber optic) and power cable and enameled wire products in the Asia Pacific region, primarily in Thailand, China, Singapore and Australia. The Company manufactures and distributes its own wire and cable products and also distributes wire and cable products ("Distributed Products") manufactured by its principal shareholder, Pacific Electric Wire &amp; Cable Company, a Taiwanese company ("PEWC"). The Company also provides project engineering services in the supply, delivery and installation ("SDI") of power cables to certain of its customers.</p>    <p><strong>Safe Harbor Statement</strong></p>    <p>This release contains certain "forward-looking statements" relating to the Company, its business, and its subsidiary companies. These forward looking statements are often identified by the use of forward-looking terminology such as "believes", "anticipates", "expects" or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.</p>    <p>Contact:<br >Investor Relations Contact:<br >Asia Alpha Investor Relations<br >Lisa A. Gray<br >Partner &amp; Senior Account Manager<br >Phone: +1-212-989-9899<br >Email: lisa@asiaalphair.com&#160;<br >Web:&#160; https://asiaalphair.com/</p>  <table style="margin-left:1.4pt; width:100%; border-collapse:collapse !important;;border-collapse: collapse; "><tr><td colspan="8" style="text-align: center ;  vertical-align: middle; ">&#160;</td></tr><tr><td colspan="8" style="text-align: center ;  vertical-align: middle; ">&#160;</td></tr><tr><td colspan="8" style="text-align: center ;  vertical-align: middle; ">ASIA PACIFIC WIRE &amp; CABLE CORPORATION LIMITED AND SUBSIDIARIES</td></tr><tr><td colspan="8" style="text-align: center ;  vertical-align: middle; ">CONSOLIDATED INCOME STATEMENTS</td></tr><tr><td colspan="8" style="text-align: center ;  vertical-align: middle; ">(Unaudited)</td></tr><tr><td colspan="8" style="text-align: center ;  vertical-align: middle; ">(Amounts in thousands of US Dollars, except share data)</td></tr><tr><td class="hugin">&#160;</td><td class="hugin" colspan="3">&#160;</td><td class="hugin">&#160;</td><td class="hugin" colspan="3">&#160;</td></tr><tr><td class="hugin">&#160;</td><td colspan="7" style="text-align: center ; 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