CIHLDG

2.830

(%)

OTHERS C.I. HOLDINGS BERHAD ("CIHB" or "the Company") - Striking-Off of C.I. Auto Services Sdn. Bhd. and C.I. Damansara Quarry Sdn. Bhd.

C.I. HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
C.I. HOLDINGS BERHAD ("CIHB" or "the Company")
- Striking-Off of C.I. Auto Services Sdn. Bhd. and C.I. Damansara Quarry Sdn. Bhd.

INTRODUCTION

 

The Company wishes to announce that it had on 29 April 2022 received confirmation that C.I. Auto Services Sdn. Bhd.("CIAS") and C.I. Damansara Quarry Sdn. Bhd. ("CIDQ"), two (2) subsidiaries of the Company had been officially struck-off from the register of companies upon publication in the Gazette by the Registrar of Companies ("Registrar") on 13 April 2022, following applications made by CIAS and CIDQ to the Registrar for the striking-off pursuant to Section 550 of the Companies Act 2016 ("Striking-Offs"). 

 

INFORMATION ON CIAS AND CIDQ

 

CIAS was incorporated on 3 May 2001 as a private limited company under the laws of Malaysia. Its current issued share capital is RM200,000 divided into 200,000 ordinary shares and it has been dormant since 1 February 2004. 

 

CIDQ was incorporated on 27 June 1984 as a private limited company under the laws of Malaysia. Its current issued share capital is RM100,000 divided into 100,000 ordinary shares and it has been dormant since 31 December 2000.

 

RATIONALE 

 

The Striking-Offs of CIAS and CIDQ is part of the Company's exercise to streamline C.I. Holdings Berhad (“CIHB”) Group's corporate structure and for administrative efficiency by dissolving the subsidiaries which are dormant. 

 

FINANCIAL EFFECTS

 

The Striking-Offs will not have any material effect on the share capital and substantial shareholders shareholding of the Company, and the earnings and net assets per share of the Company for the financial year ending 30 June 2022.

 

DIRECTORS' AND/OR MAJOR SHAREHOLDERS' INTEREST

 

None of the Directors' and/or major shareholders of CIHB and/or person connected with them has any interest, direct or indirect, in the Striking-Offs.

 

APPROVAL REQUIRED 

 

The Striking-Offs are not subject to the approval of the shareholders of CIHB.

 

This announcement is dated 29 April 2022.






Announcement Info

Company Name C.I. HOLDINGS BERHAD
Stock Name CIHLDG
Date Announced 29 Apr 2022
Category General Announcement for PLC
Reference Number GA1-28042022-00059