Announcement

Date: 06 November 2017

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR RCE CAPITAL BERHAD ("RCE" OR "THE COMPANY") - COMMENCEMENT OF MEMBERS' VOLUNTARY WINDING-UP OF RCE ADVANCE SDN BHD


Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description RCE CAPITAL BERHAD ("RCE" OR "THE COMPANY") - COMMENCEMENT OF MEMBERS' VOLUNTARY WINDING-UP OF RCE ADVANCE SDN BHD

RCE wishes to announce that its indirect wholly-owned subsidiary, RCE Advance Sdn Bhd ("RCEA") on 6 November 2017 commenced members' voluntary winding-up pursuant to Section 439(1)(b) of the Companies Act 2016 ("Winding-Up"). Ms. Oon Hooi Khee was appointed as liquidator for the Winding-Up.

 

RCEA was incorporated on 1 June 2005 as the special purpose vehicle to acquire a pool of eligible receivables from its immediate holding company and to issue private debt securities to fund the purchase of such receivables. The private debt securities issued by RCEA had been fully redeemed. RCEA is currently dormant.

 

The Winding-Up will not have any material effect on the earnings, net assets and gearing of RCE Group for the financial year ending 31 March 2018 and will not have any effect on the issued share capital and substantial shareholders' shareholdings of RCE.

 

None of the directors and major shareholders of RCE or any person connected to them has any interest, direct or indirect, in the Winding-Up.

 

This announcement is dated 6 November 2017.





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