The Board of Directors of Emico wishes to announce that the following subsidiary of the Company had, on 22 November 2024, submitted its application to the Companies Commission of Malaysia to strike off its name from the register pursuant to Section 550 of the Companies Act 2016 (“Proposed Striking Off”):
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No.
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Name of Subsidiary
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Date of Incorporation
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Number of Issued Share (RM)
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Remarks
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1.
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Bayan Greentech Sdn Bhd
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07.10.2020
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525,000
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Dormant
Owned 79.05% by Emico Penang Sdn Bhd, the wholly owned subsidiary of the Company.
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The said subsidiary is currently dormant and has no intention to carry on business or operations in the future.
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The Proposed Striking Off will not have any financial impact on the Group for the financial year ending 31 March 2025.
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The Proposed Striking Off is not subject to the approval of the shareholders of the Company. However, the Proposed Striking Off is subject to the approval of the CCM.
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This announcement is dated 22 November 2024.
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