DUFU

1.810

-0.02 (-1.1%)

OTHERS MEMBERS VOLUNTARY WINDING-UP OF DUFU MACHINERY AND WELDING SERVICES SDN. BHD. (FORMERLY KNOWN AS DUFU METAL SDN. BHD.), A WHOLLY OWNED SUBSIDIARY OF THE COMPANY

DUFU TECHNOLOGY CORP. BERHAD

Type Announcement
Subject OTHERS
Description
MEMBERS VOLUNTARY WINDING-UP OF DUFU MACHINERY AND WELDING SERVICES SDN. BHD. (FORMERLY KNOWN AS DUFU METAL SDN. BHD.), A WHOLLY OWNED SUBSIDIARY OF THE COMPANY

The Board of Directors of Dufu Technology Corp. Berhad (“DUFU” or “the Company”) wishes to announce that Dufu Machinery and Welding Services Sdn. Bhd. (Formerly known as Dufu Metal Sdn. Bhd.) (DMWS), a wholly-owned subsidiary of the Company had on September 1, 2021 held a Member’s Meeting at which it was resolved that DMWS be wound-up voluntarily pursuant to Section 439(1)(b) of the Companies Act 2016.

DMWS was incorporated in Malaysia on June 14, 2018 under the Companies Act 2016 under the name of Dufu Metal Sdn. Bhd. and subsequently assumed its present name on August 3, 2021. As at the date of this announcement, the share capital of DMWS is RM3,500,000 comprising 3,500,000 ordinary shares.

The principle activities of DMWS were manufacturing of high precision engineering parts, module assembly and metal fabrication parts for semiconductor, electronics and industrial automation industries and commenced its business operations in August 2019. However, DMWS has transferred its business operation to Dufusion Sdn. Bhd., a wholly-owned subsidiary of DUFU since January 1, 2021 to streamline the business operation and process of DUFU and its subsidiaries.

The voluntary winding-up of DMWS will reduce the administrative resources and costs to be incurred for maintaining it as a dormant subsidiary. The voluntary winding-up of DMWS is not expected to have any material effect on the share capital, net assets per share, gearing and earnings per share of DUFU Group for the financial year ending December 31, 2021.

This announcement is dated September 1, 2021.






Announcement Info

Company Name DUFU TECHNOLOGY CORP. BERHAD
Stock Name DUFU
Date Announced 01 Sep 2021
Category General Announcement for PLC
Reference Number GA1-01092021-00032