Date : 27 December 2012

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MULPHA INTERNATIONAL BHD (“MIB”) - Members’ Voluntary Winding-up of Wholly-Owned Subsidiaries of MIB

MULPHA INTERNATIONAL BERHAD

TypeAnnouncement
SubjectWINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
DescriptionMULPHA INTERNATIONAL BHD (“MIB”)
- Members’ Voluntary Winding-up of Wholly-Owned Subsidiaries of MIB

1.        INTRODUCTION

Pursuant to Paragraph 9.19(19) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, MIB wishes to inform that each of its direct/indirect wholly-owned subsidiaries (“Subsidiaries”) set out below, has at its respective Extraordinary General Meeting held on 27 December 2012, obtained approval of its shareholder to commence a members’ voluntary winding-up.

In connection with the above, Mr Ong Lai @ Ong Kong Lai and Mr Wong Cham Mew of Unit C-20-5, Block C, 20th Floor, Megan Avenue II, No. 12, Jalan Yap Kwan Seng, 50450 Kuala Lumpur have been appointed as Liquidators for Ekspo Melaka Sdn Bhd and Indahview Capital Partners Sdn Bhd (formerly known as Mulpha Capital Partners Sdn Bhd), and Mr Robert Yam Mow Lam of 190 Middle Road, #16-03 Fortune Centre, Singapore 188979  has been appointed as Liquidator for MIB Pte Ltd for the purpose of the members' voluntary winding-up.      

2.        INFORMATION ON THE SUBSIDIARIES

Name of Subsidiaries

Place of incorporation

Date of incorporation

Principal activity prior to members’ voluntary winding-up

Authorised share capital

 

Paid-up share capital

Ekspo Melaka Sdn Bhd

 

Malaysia

30.7.1993

Property development and ownership

RM5,000,000

RM1,000,002

Indahview Capital Partners Sdn Bhd (formerly known as Mulpha Capital Partners Sdn Bhd) ^

 

Malaysia

6.2.1984

Investment holding

 

RM500,000

RM100,000

MIB Pte Ltd #

Singapore

24.7.1982

Dormant

 -

SGD500,000

^   Indahview Capital Partners Sdn Bhd (formerly known as Mulpha Capital Partners Sdn Bhd) is a wholly-owned subsidiary of Mulpha Capital Holdings Sdn Bhd, which in turn is a wholly-owned subsidiary of MIB.

#   MIB Pte Ltd is a wholly-owned subsidiary of Mulpha Group Services Sdn Bhd (formerly known as Mulpha Trading Sdn Bhd), which in turn is a wholly-owned subsidiary of MIB.

3.        RATIONALE FOR THE WINDING-UP

The Subsidiaries have been dormant and there is no intention to reactivate the operations of these Subsidiaries.

4.        EFFECTS OF THE WINDING-UP

The winding-up of the Subsidiaries has no material financial and operational impact on MIB Group.

This announcement is dated 27 December 2012.



Announcement Info

Company NameMULPHA INTERNATIONAL BERHAD  
Stock Name MULPHA    
Date Announced27 Dec 2012  
CategoryGeneral Announcement
Reference NoMI-121226-41875

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