News

Winding Up / Receiver & Manager / Restraining Order / Special Administrator

BackAug 14, 2018
Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description

(Announcement pursuant to Paragraph 9.19(24) of Bursa Malaysia Securities Berhad's Main Market Listing Requirements) Dissolution of Selangor Tiles Sdn Bhd (Selangor Tiles), a 86%-owned subsidiary of Kumpulan Perangsang Selangor Berhad (Perangsang Selangor)

Pursuant to Paragraph 9.19(24) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of Perangsang Selangor wishes to announce that Selangor Tiles, a 86%-owned subsidiary of Perangsang Selangor, which was placed under Creditors’ Winding Up on 26 May 1995, has been dissolved pursuant to Section 490 of the Companies Act, 2016 [Section 239(d) of Companies Act, 1965] (“Dissolution”). The Court order dated 29 March 2018 on the Dissolution was received by Selangor Tiles from the Malaysian Department of Insolvency on 14 August 2018.

The Dissolution will not have any material effect on Perangsang Selangor’s share capital and substantial shareholders’ shareholdings. The Dissolution is not expected to 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 14 August 2018.

 

 


Announcement Info

Company Name KUMPULAN PERANGSANG SELANGOR BERHAD
Stock Name KPS
Date Announced 14 Aug 2018
Category General Announcement for PLC
Reference Number GA1-14082018-00046