LIONDIV

0.005

(%)

OTHERS DISSOLUTION OF WHOLLY-OWNED SUBSIDIARIES

LION DIVERSIFIED HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
DISSOLUTION OF WHOLLY-OWNED SUBSIDIARIES
The Board of Directors of Lion Diversified Holdings Berhad ("LDHB" or the "Company") hereby announce that: 

(i) LBF Enterprise (L) Limited ("LBF Enterprise"), a dormant wholly-owned subsidiary of Lion Blast Furnace Sdn Bhd, which is in turn a wholly-owned subsidiary of the Company, had on 27 November 2017 lodged with the Labuan Financial Services Authority the Return by Liquidator Relating to Final Meeting in relation to the members' voluntary winding-up. Pursuant to Section 459(5) of the Companies Act 2016, LBF Enterprise was dissolved with effect from 25 February 2018; and 

(ii) the Company was notified by the Companies Commission of Malaysia on 27 February 2018 that Alpha Strategies Sdn Bhd ("Alpha Strategies"), a dormant wholly-owned subsidiary of Ara Seri Bangun Sdn Bhd, which is in turn a wholly-owned subsidiary of the Company, had following its application for deregistration in July 2017, been struck off from the register of companies and dissolved on 30 November 2017 pursuant to Section 550 of the Companies Act 2016. 

The dissolution of LBF Enterprise and Alpha Strategies do not have any material impact on the earnings of the LDHB Group for the financial year ending 30 June 2018 and the net liabilities of the LDHB Group based on the audited consolidated statement of financial position of LDHB as at 30 June 2017.

 





Announcement Info

Company Name LION DIVERSIFIED HOLDINGS BERHAD
Stock Name LIONDIV
Date Announced 27 Feb 2018
Category General Announcement for PLC
Reference Number GA1-27022018-00083