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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR VOLUNTARY WINDING-UP OF SUBSIDIARY

IBRACO BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
VOLUNTARY WINDING-UP OF SUBSIDIARY

The Board of Directors of Ibraco Berhad ("IBRACO") would like to inform that IBRACO had placed Ibraco Plantation Sdn Bhd (“IPSB”), its wholly-owned subsidiary, under member's voluntary winding-up pursuant to Section 439(1)(b) of the Companies Act 2016. The Notice of Resolution pursuant to Section 439(2)(a) of the Companies Act 2016 of IPSB was lodged with the Companies Commission of Malaysia on 2 February 2023.

 

Mr Liu Tow Hua of No.6 the NorthBank, Off Kuching-Samarahan Expressway, 93350 had been appointed as liquidator of IPSB.

 

IPSB is currently dormant and there are no future plans to activate the company. The voluntary winding-up of IPSB will not have any material impact on the net assets and earnings per share of the Company for the financial year ending 31 December 2023.

 

This announcement is dated 2 February 2023.






Announcement Info

Company Name IBRACO BERHAD
Stock Name IBRACO
Date Announced 02 Feb 2023
Category General Announcement for PLC
Reference Number GA1-02022023-00023



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