Date : 09 December 2011

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MEMBERS’ VOLUNTARY WINDING-UP OF DORMANT SUBSIDIARIES

MALAYSIAN RESOURCES CORPORATION BERHAD

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionMEMBERS’ VOLUNTARY WINDING-UP OF DORMANT SUBSIDIARIES


In line with the exercise to streamline the Group’s operation, Malaysian Resources Corporation Berhad (“MRCB” or “the Company”) has undertaken a house-keeping exercise to wind-up the dormant companies within the Group. Proceedings have commenced to effect members’ voluntary winding-up on the following 13 direct or indirect wholly-owned subsidiaries of the Company which are dormant pursuant to Section 254(1)(b) of the Companies Act, 1965 on 9 December 2011:

Name of Company

Date of Incorporation

1.      Harmonic Fairway Sdn Bhd

12 March 1997

2.      MR Enterprises Sdn Bhd

4 May 1982

3.      MR Management Sdn Bhd

4 May 1982

4.      MR Properties Sdn Bhd

19 May 1982

5.      MRCB Cahaya Mutiara Sdn Bhd

28 August 1981

6.      MRCB Dotcom Sdn Bhd

22 February 1982

7.      MRCB Energy International Sdn Bhd

5 February 1998

8.      MRCB Intelligent Systems and Control Sdn Bhd

5 February 1998

9.      MRCB Trading Sdn Bhd

7 July 1982

10.    Semasa ACE Urusharta Sdn Bhd

27 November 2000

11.    Seri Iskandar Utilities Corporation Sdn Bhd

6 December 1995

12.    Syarikat Gemilang Quarry Sdn Bhd

26 October 1994

13.    Taiyee Development Sdn Bhd

15 April 1981

The subsidiaries have been dormant and/or ceased operations and there are no plans to activate the said companies. The members’ voluntary winding-up exercise will conserve the Company’s resources in monitoring and maintaining the dormant subsidiaries on a regular basis.

Mr Teoh Wuey Sze and Mr Yap Yue Loong of Russell Bedford Malaysia Business Advisory Sdn Bhd of 10th Floor, Bangunan Yee Seng, 15 Jalan Raja Chulan, 50200 Kuala Lumpur have been appointed to act as joint and several liquidator for the purpose of the winding-up exercise.

The winding-up of the above-mentioned companies will not have any financial and operational impact on the Company and will not have any effect on the earnings and net assets of MRCB.

 

 

 

 

 



Announcement Info

Company NameMALAYSIAN RESOURCES CORPORATION BERHAD  
Stock Name MRCB    
Date Announced9 Dec 2011  
CategoryGeneral Announcement
Reference NoMR-111209-62568