MBMR

4.650

+0.01 (+0.2%)

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MBM RESOURCES BERHAD ("MBMR" OR "THE COMPANY") - VOLUNTARY WINDING UP OF A SUBSIDIARY COMPANY

MBM RESOURCES BHD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
MBM RESOURCES BERHAD ("MBMR" OR "THE COMPANY") - VOLUNTARY WINDING UP OF A SUBSIDIARY COMPANY

INTRODUCTION

 

The Board of Directors of MBMR wishes to announce that Menara MBMR Holdings Sdn. Bhd. (“MMHSB”), a 70% owned subsidiary of MBMR, has resolved by way of special resolution at its extraordinary general meeting ("EGM") held on 1 July 2020 to approve the voluntary winding up pursuant to Section 439 of the Companies Act 2016.

 

1. INFORMATION ON MENARA MBMR HOLDINGS SDN. BHD.

 

MMHSB was incorporated on 20 August 2014 with issued share capital of RM100,000.00 representing 100,000 Ordinary Shares. The current shareholders of MMHSB comprise MBMR (70%), Teknikhas Holdings Sdn. Bhd. (20%) and Meridian Residence Sdn. Bhd. (10%). It has not commenced operations since the date of incorporation. MMHSB is not a major subsidiary of MBMR Group.

 

2. RATIONALE FOR VOLUNTARY WINDING UP

 

MMHSB has been dormant since its incorporation and MBMR has no future plan to activate the business or operation of this company.

 

3. DETAILS OF VOLUNTARY WINDING UP

 

MMHSB has resolved by way of special resolution at its EGM held on 1 July 2020 to approve the voluntary winding up pursuant to Section 439 of the Companies Act 2016 and also resolved to appoint Ms. Lee Wai Ngan and Ms. Chan Toye Ying of Systems Associates Sdn. Bhd. as liquidator of MMHSB for the purpose of the voluntary winding up.

 

4. EFFECT OF THE VOLUNTARY WINDING UP

 

The voluntary winding up proceeding of MMHSB will not have any operational impact on or result in any loss to the Group. The voluntary winding up of MMHSB will also not have any material effect on the earnings, net assets and gearing of MBMR for the current financial year ending 31 December 2020.

 

There is no effect on the issued share capital and the substantial shareholders’ shareholding in MBMR.

 

5. DIRECTORS AND MAJOR SHAREHOLDERS' INTEREST

 

None of the Directors or major shareholders of MBMR or persons connected to them have any interest, direct or indirect, in the voluntary winding up.

 

This announcement is dated 1 July 2020.






Announcement Info

Company Name MBM RESOURCES BHD
Stock Name MBMR
Date Announced 01 Jul 2020
Category General Announcement for PLC
Reference Number GA1-10062020-00123