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

BackDec 15, 2017
Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description

Members' Voluntary Winding Up of Subsidiary Companies

Malaysia Building Society Berhad ("MBSB") wishes to announce that Home Approach Sdn Bhd (“HASB”) and Ganesha Sdn Bhd (“GSB”) (collectively referred to as "Companies"), which both are wholly-owned subsidiaries of MBSB, had each held their Extraordinary General Meeting today, at which it was resolved that the Companies be placed under members’ voluntary winding up. HASB and GSB had appointed  Khoo Siew Kiat and Abdul Malek bin Mohamed Said as Liquidators for the purpose of the members’ voluntary winding up.

The brief background information of HASB and GSB are as follows:-

No.

Company

Principal Activity

1.

Home Approach Sdn. Bhd.

The company has not commenced operations since the date of incorporation. The intended principal activity of the company is property investment.

2.

Ganesha Sdn. Bhd.

Property Development. The company has been dormant since completion of sale of its only property in 2014.     

The Companies have ceased the business operations and are currently dormant.

The voluntary winding-up of HASB and GSB does not have material effect on the earnings, gearing or net assets of MBSB for the financial year ending 31 December 2017.

None of the Directors or substantial shareholders of MBSB or persons connected to them has any interest, direct or indirect, in the voluntary winding-up.

This announcement is dated 15 December 2017





Announcement Info

Company Name MALAYSIA BUILDING SOCIETY BERHAD
Stock Name MBSB
Date Announced 15 Dec 2017
Category General Announcement for PLC
Reference Number GA1-06122017-00038