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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR VOLUNTARY LIQUIDATION OF WHOLLY-OWNED SUBSIDIARY OF POWER ROOT BERHAD

POWER ROOT BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
VOLUNTARY LIQUIDATION OF WHOLLY-OWNED SUBSIDIARY OF POWER ROOT BERHAD

The Board of Directors ("the Board") of Power Root Berhad ("PRB") wishes to announce that subject to the approval of the Ministry of Industry, Commerce & Tourism, the Kingdom of Bahrain, Power Root Manufacturing ME W.L.L ("PRMMW"), its wholly-owned subsidiary will be liquidated voluntarily. PRMMW had appointed Mr. V.K. Thomas of Thomas & Associates, Kingdom of Bahrain as liquidator.

 

PRMMW is currently a dormant entity.

 

The voluntary liquidation of PRMMW is not expected to have any material impact on the net tangible assets and earnings per share of the Group for the financial year ending 31 March 2022.

 

This announcement is dated 19 May 2021.






Announcement Info

Company Name POWER ROOT BERHAD
Stock Name PWROOT
Date Announced 19 May 2021
Category General Announcement for PLC
Reference Number GA1-19052021-00112




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