Hong Leong Industries Berhad (“HLI”) writes to inform that Jersen Limited (formerly known as HLI Overseas Limited) [“Jersen”], a wholly-owned subsidiary of HLI, has on 1 July 2019, received notification from the Jersey Financial Services Commission (“JFSC”) confirming that Jersen has been dissolved on 28 June 2019 following the registration of a special resolution to wind up Jersen by summary winding up with JFSC.

Jersen has ceased operation and there are no future plans to activate the company.  

The dissolution of Jersen will not have any impact on the net assets and earnings per share of HLI Group for the financial year ended 30 June 2019.

This announcement is dated 3 July 2019.