WASCO

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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR WAH SEONG CORPORATION BERHAD ("WSC" OR "COMPANY") - MEMBER'S VOLUNTARY WINDING UP OF WS INTEGRASI SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

WAH SEONG CORPORATION BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
WAH SEONG CORPORATION BERHAD ("WSC" OR "COMPANY")
- MEMBER'S VOLUNTARY WINDING UP OF WS INTEGRASI SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

The Board of Directors of WSC wishes to announce that WS Integrasi Sdn. Bhd. [Registration No. 201701032323 (1246493-H)] (“WSI”), an indirect wholly-owned subsidiary of WSC had at its Extraordinary General Meeting held on 30 December 2022 inter-alia, approved the special resolution to wind up WSI by way of the Member’s Voluntary Winding Up by its shareholder (“Member’s Voluntary Winding Up”).

In order to facilitate the Member’s Voluntary Winding Up, Mr. Ng Eng Kiat and Mr. Leong Kok Tong of Folks Corporate Services Sdn Bhd [Registration No. 199501019896 (349099-U)] (“Folks”) of Suite 1102, 11th Floor, Wisma Tun Sambanthan, No. 2, Jalan Sultan Sulaiman, 50000 Kuala Lumpur have been appointed as the Liquidators for WSI.

WSI was incorporated on 12 September 2017 under the Companies Act, 2016 with its total issued and paid up share capital of RM200,000.00 comprising 200,000 ordinary shares. WSI was principally involved in the trading, distribution, sales and marketing of the Group’s products and services in the Oil & Gas, Renewable Energy, Engineering, Industrial and Property (including land acquisitions) industries as well as undertaking other external business services opportunities. WSI is directly wholly-owned by Petro-Pipe Industrial Corporation Sdn. Bhd. [Registration No. 200601032866 (752625-X)], a direct wholly-owned subsidiary of WSC.

The Member’s Voluntary Winding Up will not have any effect on the share capital and shareholdings of the substantial shareholders of WSC and will not have any financial impact on the gearing, earnings and net assets of WSC Group for the financial year ending 31 December 2022.

None of the directors, major shareholders, chief executive of WSC and/or persons connected to them have any interest, direct or indirect, in the Member’s Voluntary Winding Up.

This announcement is dated 30 December 2022.






Announcement Info

Company Name WAH SEONG CORPORATION BERHAD
Stock Name WASEONG
Date Announced 30 Dec 2022
Category General Announcement for PLC
Reference Number GA1-29122022-00013