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

BackOct 02, 2018
Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description

Members voluntary winding-up of a dormant indirect subsidiary - New Series Sdn. Bhd.

 

Bonia Corporation Berhad (“Bonia” or “Company”) wishes to inform that New Series Sdn. Bhd. (“NSSB”), a 90%-owned dormant subsidiary of Dominion Directions Sdn. Bhd. (“DDSB”), which in turn is a wholly-owned subsidiary of the Company, has been placed under members’ voluntary winding-up on 28 September 2018, and the acknowledgement receipt of the Notice of Resolution on Members’ Voluntary Winding up by Suruhanjaya Syarikat Malaysia, was received by the Company on 02 October 2018.

 

The original cost of investment of DDSB in NSSB is RM708,680. The voluntary winding-up of NSSB is part of Bonia’s continued initiative to eliminate unnecessary administrative costs in maintaining dormant subsidiaries. The voluntary winding-up 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 2019.

 

None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the voluntary winding-up of NSSB and no approval of shareholders is required.

 

This announcement is dated 02 October 2018.

 

 






Announcement Info

Company Name BONIA CORPORATION BERHAD
Stock Name BONIA
Date Announced 02 Oct 2018
Category General Announcement for PLC
Reference Number GA1-02102018-00063