POS

0.480

(%)

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR Pos Malaysia Berhad ("Pos Malaysia" or "the Company") Commencement of Members' and Creditors' Voluntary Winding-up of Subsidiary Companies

POS MALAYSIA BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
Pos Malaysia Berhad ("Pos Malaysia" or "the Company")
Commencement of Members' and Creditors' Voluntary Winding-up of Subsidiary Companies

(A) MEMBERS' VOLUNTARY WINDING UP

The Board of Pos Malaysia wishes to announce that the following dormant/inactive wholly-owned subsidiary companies of Pos Malaysia ("the Subsidiaries") had, at their respective Extraordinary General Meetings held on 24 August 2020, obtained approval of its shareholders to commence a members' voluntary winding-up pursuant to Section 439(1)(b) of the Companies Act 2016. In this connection, Dato' Jeyaraj a/l V. Ratnaswamy and Mr. Jayapalasingam a/l Kandiah of MustaphaRaj Sdn. Bhd. at E33-05, Dataran 32, No. 2, Jalan 19/1, 46300 Petaling Jaya, Selangor Darul Ehsan has been apppointed as Joint and Several Liquidators of the Subsidiaries:-

  Company Name Date of Incorporation  Group Effective Interest (%) Previous Principal Activity
1. Diperdana Utara Sdn. Bhd. 15 May 1985      100 Provision of container haulage services
2. Cougar Logistics (Malaysia) Sdn. Bhd.  26 January 1991      100 Provision of freight, forwarding agents, warehousing  and other related services
3. Parcel Tankers Malaysia Sdn. Bhd. 09 September 1982      100 Provision of sea chartering services

 

(B) CREDITORS' VOLUNTARY WINDING UP

The following dormant/inactive wholly-owned subsidiaries of Pos Malaysia ("the Subsidiaries") had on 24 August 2020 appointed Dato' Jeyaraj a/l V. Ratnaswamy and Mr. Jayapalasingam a/l Kandiah of MustaphaRaj Sdn. Bhd. at E33-05, Dataran 32, No. 2, Jalan 19/1, 46300 Petaling Jaya, Selangor Darul Ehsan as Joint and Several Interim Liquidators to wind up the affairs of the Subsidiaries by way of creditors' voluntary winding up. The shareholders and creditors' meetings of the Subsidiaries are scheduled to be held on 8 September 2020:-

 

  Company Name Date of Incorporation       Group Effective Interest (%) Previous Principal Activity
1. North Terminal Sdn. Bhd. 19 December 1983      100 Provision of inland container depot services
2. Aman Freight Services Sdn. Bhd. 19 February 1975      100 Provision of freight forwarding services
3. Pengangkutan Aspacs Sdn. Bhd. 25 October 1982      100 Agent for freight forwarding and provision of related services

 

The Subsidiaries are currently dormant/inactive and have no intention to carry on business or operations in the future.

The winding up of the Subsidiaries is part of the streamlines exercise undertaken by Pos Malaysia to dissolve dormant/inactive companies within Pos Malaysia Group.

The windung up of the Subsidiaries is not expected to have any material impact on the earnings and net assets of Pos Malaysia Group.

None of the Directors or major shareholders and/or persons connected with a Director or major shareholder of Pos Malaysia have any interest, direct or indirect, in the said voluntary winding up.

 

This announcement is dated 24 August 2020.

 

 

 

 

 

 

 

 






Announcement Info

Company Name POS MALAYSIA BERHAD
Stock Name POS
Date Announced 24 Aug 2020
Category General Announcement for PLC
Reference Number GA1-21082020-00120