GuocoLand (Malaysia) Berhad (“GLM” or the “Company”) writes to inform that:
(i) Guoman Hotel & Resort Holdings Sdn Bhd, a 70%-owned subsidiary of the Company, had placed its wholly-owned subsidiary, Guoman International Sdn Bhd (“GISB”), under member’s voluntary winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965; and
(ii) Bedford Land Sdn Bhd, a wholly-owned subsidiary of Hong Leong Real Estate Holdings Sdn Bhd which in turn is a wholly-owned subsidiary of the Company, had placed its wholly-owned subsidiary, Prophills Development Sdn Bhd (“PDSB”), under member’s voluntary winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965.
Mr Ling Kam Hoong and Ms Wong Swee Tyng of Messrs Ling Kam Hoong & Co, No. 6-1, Jalan 3/64A, Udarama Complex, Off Jalan Ipoh, 50350 Kuala Lumpur had been appointed as Joint Liquidators of GISB and PDSB.
GISB and PDSB have ceased operations and there are no future plans to activate them.
The voluntary winding-up of GISB and PDSB will not have any material impact on the net assets and earnings per share of GLM Group for the financial year ending 30 June 2015.
This announcement is dated 30 March 2015.