WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MEMBERS’ VOLUNTARY WINDING-UP OF DORMANT SUBSIDIARIES
| MALAYSIAN RESOURCES CORPORATION BERHAD |
| Type | Announcement | ||||||||||||||||||||||||||||
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR | ||||||||||||||||||||||||||||
| Description | MEMBERS’ 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:
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.
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Announcement Info
| Company Name | MALAYSIAN RESOURCES CORPORATION BERHAD |
| Stock Name | MRCB |
| Date Announced | 9 Dec 2011 |
| Category | General Announcement |
| Reference No | MR-111209-62568 |
