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News

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

BackJun 21, 2018
Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description

Application for deregistration of an overseas subsidiary - Kin Sheng Group Limited

Bonia Corporation Berhad (“Bonia” or “Company”) wishes to inform that an application for deregistration of Kin Sheng Group Limited (“KSGL”), from the register of the Companies Registry, Hong Kong (“CRHK”), was submitted on 07 June 2018 and the confirmation of receipt of the said application issued by CRHK was received by the Company on 21 June 2018.

 

KSGL, a dormant entity, is a wholly-owned subsidiary of the Company. The original cost of investment of Bonia in KSGL is HKD10,000,000.

 

The deregistration of KSGL 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 KSGL and no approval of shareholders is required.

 

This announcement is dated 21 June 2018.





Announcement Info

Company Name BONIA CORPORATION BERHAD
Stock Name BONIA
Date Announced 21 Jun 2018
Category General Announcement for PLC
Reference Number GA1-21062018-00065

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