LIONPSIM

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+0.005 (+1.2%)

OTHERS DISSOLUTION OF A SUBSIDIARY

LION FOREST INDUSTRIES BERHAD

Type Announcement
Subject OTHERS
Description
DISSOLUTION OF A SUBSIDIARY

The Board of Directors of Lion Forest Industries Berhad (“LFIB” or the “Company”) hereby announce that the Companies Commission of Malaysia had on 23 January 2019 notified that Seintasi Sdn Bhd (“Seintasi”), a dormant wholly-owned subsidiary of the Company, had following its application for deregistration in May 2018, been struck off from the register of companies and dissolved on 9 November 2018 pursuant to Section 550 of the Companies Act 2016.

 

The dissolution of Seintasi does not have a material impact on the earnings of the Group for the financial year ending 30 June 2019 and the net assets of the Group based on the audited consolidated statement of financial position of LFIB as at 30 June 2018.






Announcement Info

Company Name LION FOREST INDUSTRIES BERHAD
Stock Name LIONFIB
Date Announced 23 Jan 2019
Category General Announcement for PLC
Reference Number GA1-23012019-00089