Type | Announcement |
Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
Description |
Bonia Corporation Berhad (Bonia or Company) Voluntary Liquidation of Indirect Subsidiary - Bonia Italia Srl |
The Board of Directors of Bonia wishes to inform that Bonia Italia Srl (“BIS”), its indirect subsidiary incorporated in Italy, has resolved on the voluntary liquidation of BIS pursuant to the Italian Civil Code. BIS, a dormant entity, is a wholly-owned subsidiary of Daily Frontier Sdn Bhd, which in turn is a wholly-owned subsidiary of the Company. The cost of investment in BIS is EUR1.00. The voluntary liquidation of BIS is part of Bonia’s continued initiative to eliminate unnecessary administrative costs in maintaining dormant subsidiaries. The voluntary liquidation 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 2015. None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the voluntary liquidation of BIS and no approval of shareholders is required. This announcement is dated 30 April 2015. |
Company Name | BONIA CORPORATION BERHAD |
Stock Name | BONIA |
Date Announced | 30 Apr 2015 |
Category | General Announcement for PLC |
Reference Number | GA1-24042015-00065 |