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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR Members voluntary winding-up of a dormant subsidiary - Armani Context Sdn. Bhd.

BONIA CORPORATION BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
Members voluntary winding-up of a dormant subsidiary - Armani Context Sdn. Bhd.

Bonia Corporation Berhad (“Bonia” or “Company”) wishes to inform that Armani Context Sdn. Bhd. (“ACSB”), a wholly-owned dormant subsidiary of the Company, has been placed under members’ voluntary winding-up on 25 September 2019, and the acknowledgement receipt of the Notice of Resolution on Members’ Voluntary Winding up by Suruhanjaya Syarikat Malaysia, was received by the Company on 27 September 2019.

 

The original cost of investment of Bonia in ACSB is RM2,500,001. The voluntary winding-up of ACSB is part of Bonia’s continued initiative to eliminate unnecessary administrative costs in maintaining dormant subsidiaries. The voluntary winding-up is not expected to have any material effect on the earnings or net assets of the Bonia Group for the financial year ending 30 June 2020.

 

None of the Directors or major shareholders of the Company, or persons connected with them, has any interest, direct or indirect, in the voluntary winding-up of ACSB and no approval of shareholders is required.

 

This announcement is dated 27 September 2019.






Announcement Info

Company Name BONIA CORPORATION BERHAD
Stock Name BONIA
Date Announced 27 Sep 2019
Category General Announcement for PLC
Reference Number GA1-27092019-00024




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