MUIIND

0.100

+0.005 (+5.3%)

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "THE COMPANY") - Clarification in relation to the members' voluntary winding-up of East India Company Clothing (Malaysia) Sdn Bhd and Metrojaya Department Stores Sdn Bhd

MALAYAN UNITED INDUSTRIES BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" OR "THE COMPANY")
-  Clarification in relation to the members' voluntary winding-up of East India Company Clothing (Malaysia) Sdn Bhd and Metrojaya Department Stores Sdn Bhd

This announcement is made to clarify the Company’s announcement to Bursa Malaysia Securities Berhad on 29 May 2020 regarding the above matter.
 
The Board has been given to understand that there has been some confusion over the news of the winding-up of Metrojaya Department Stores Sdn Bhd (“MDS”) and East India Company Clothing (Malaysia) Sdn Bhd (“EIC”) which are dormant subsidiaries of Metrojaya Berhad.

 

The Company wishes to advise that Metrojaya Berhad continues to operate its retailing business as usual through various subsidiaries including its Metrojaya department stores under MJ Department Stores Sdn Bhd and its East India Company specialty store under EIC Clothing Sdn Bhd.  These are separate entities from MDS and EIC.

 

As stated in the announcement of 29 May 2020, MDS and EIC are dormant companies and that the winding up is to simplify the structure of the MUIB Group, reduce costs associated with maintaining them and has no financial or operational effect on the MUIB Group.

 

This announcement is dated 31 May 2020.






Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 31 May 2020
Category General Announcement for PLC
Reference Number GA1-31052020-00001