|Subject||WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
(Announcement pursuant to Paragraph 9.19(24) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements) Dissolution of Hydrovest Sdn Bhd, a 60%-owned subsidiary of Kumpulan Perangsang Selangor Berhad
Pursuant to Paragraph 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Kumpulan Perangsang Selangor Berhad ("Perangsang Selangor") wishes to announce that Hydrovest Sdn Bhd, a 60%-owned subsidiary of Perangsang Selangor, which was placed under Members’ Voluntary Winding-Up on 25 May 2016 and had held the final meeting on 23 March 2018 (“Final Meeting”), was dissolved pursuant to Section 459(5) of the Companies Act 2016, based on the Companies Commission of Malaysia (“CCM”) search report dated 12 July 2018 ("Dissolution").
The Dissolution will not have any effect on Perangsang Selangor’s share capital and substantial shareholders’ shareholdings. The Dissolution does not have any material effect on the earnings, net assets and gearing of Perangsang Selangor group for the financial year ending 31 December 2018.
None of Perangsang Selangor’s Directors, Major Shareholders and/or person connected to them has any interest, direct or indirect, in the Dissolution.
This announcement is dated 12 July 2018.
|Company Name||KUMPULAN PERANGSANG SELANGOR BERHAD|
|Date Announced||12 Jul 2018|
|Category||General Announcement for PLC|