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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MALAYAN UNITED INDUSTRIES BERHAD ("COMPANY" OR "MUIB") Members' Voluntary Winding-Up of a 52.21%-owned Subsidiary

MALAYAN UNITED INDUSTRIES BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
MALAYAN UNITED INDUSTRIES BERHAD ("COMPANY" OR "MUIB")
Members' Voluntary Winding-Up of a 52.21%-owned Subsidiary

Further to the Company’s announcement made on 3 July 2017 ("Announcement") relating to the members' voluntary winding-up, the Company wishes to announce that the Liquidator has on 25 November 2021 confirmed that MUI Continental Berhad, a 52.21%-owned subsidiary of Novimax (M) Sdn Bhd, which is in turn a wholly-owned subsidiary of the Company, had been dissolved on 24 May 2021 pursuant to Section 459(5) of the Companies Act 2016.

 

As stated in the Announcement, the winding-up is to simplify the structure of the MUIB Group, reduce costs associated with maintaining the subsidiary and has no financial or operational effect on the MUIB Group.

 

This announcement is dated 25 November 2021.






Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 25 Nov 2021
Category General Announcement for PLC
Reference Number GA1-25112021-00021




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