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FIAMMA

0.505

+0.005 (+1%)

OTHERS FIAMMA HOLDINGS BERHAD ("FIAMMA" OR "THE COMPANY") - APPLICATION FOR STRIKING-OFF OF DORMANT SUBSIDIARY PURSUANT TO SECTION 550 OF THE COMPANIES ACT 2016

FIAMMA HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
FIAMMA HOLDINGS BERHAD ("FIAMMA" OR "THE COMPANY")
- APPLICATION FOR STRIKING-OFF OF DORMANT SUBSIDIARY PURSUANT TO SECTION 550 OF THE COMPANIES ACT 2016

The Board of Directors of the Company wishes to announce that Beaulogy Sdn. Bhd. (Company No. 1031652-X), a wholly-owned subsidiary of Fiamma Trading Sdn. Bhd., which in turn is a 70%-owned subsidiary of the Company had on 25 September 2019 applied to the Companies Commission of Malaysia (“CCM”) for striking-off from the Register pursuant to Section 550 of the Companies Act 2016 (“Proposed Striking-Off”).

Beaulogy Sdn. Bhd. had not been in operation since 1 October 2017 and had been dormant since then. The Proposed Striking-Off will reduce the administrative resources and cost incurred for maintaining Beaulogy Sdn. Bhd..

The dissolution of Beaulogy Sdn. Bhd. would not have any material effect on the earnings and net assets per share of the Company for the financial year ending 30 September 2019.

None of the Directors or major shareholders of the Company or persons connected with them has any interest, direct or indirect, in the dissolution of Beaulogy Sdn. Bhd..

The Proposed Striking-Off is not subject to the approval of the shareholders of the Company but the approval of the CCM.

This announcement is dated 25 September 2019.






Announcement Info

Company Name FIAMMA HOLDINGS BERHAD
Stock Name FIAMMA
Date Announced 25 Sep 2019
Category General Announcement for PLC
Reference Number GA1-18092019-00042