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News

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

BackJan 04, 2018
Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description

Application for deregistration of an overseas indirect subsidiary - Kin Sheng International Trading Co Limited

Bonia Corporation Berhad (“Bonia” or “Company”) wishes to inform that an application for deregistration of Kin Sheng International Trading Co Limited (“KSIT”) from the register of the Companies Registry, Hong Kong (“CRHK”), was submitted on 21 December 2017 and the confirmation of receipt of the said application issued by CRHK was received by the Company on 3 January 2018.

 

KSIT, a dormant entity, is a wholly-owned subsidiary company of Kin Sheng Group Limited (“KSGL”), which in turn is a direct wholly-owned subsidiary of the Company. The original cost of investment of KSGL in KSIT is HKD10,000.00.

 

The deregistration of KSIT is part of Bonia’s continued initiative to eliminate unnecessary administrative costs in maintaining dormant subsidiaries. The deregistration is not expected to have any material effect on the earnings or net assets of the Bonia Group for the financial year ending 30 June 2018.

 

None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the deregistration of KSIT and no approval of shareholders is required.

 

This announcement is dated 4 January 2018.





Announcement Info

Company Name BONIA CORPORATION BERHAD
Stock Name BONIA
Date Announced 04 Jan 2018
Category General Announcement for PLC
Reference Number GA1-04012018-00082

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