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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR IDIMENSION CONSOLIDATED BHD. ('ICB' OR 'THE COMPANY') - COMMENCEMENT OF CREDITORS' VOLUNTARY WINDING-UP OF SUBSIDIARY, IDB INTERACTIVE SDN. BHD. ('IDB')

IDIMENSION CONSOLIDATED BHD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
IDIMENSION CONSOLIDATED BHD. ('ICB' OR 'THE COMPANY') - COMMENCEMENT OF CREDITORS' VOLUNTARY WINDING-UP OF SUBSIDIARY, IDB INTERACTIVE SDN. BHD. ('IDB')

Further to the Company’s announcement dated 19 May 2020 on the appointment of an interim liquidator for its wholly-owned subsidiary, IDB, the Board of Directors of ICB wishes to inform that IDB had on 3 June 2020 commenced its creditors’ voluntary winding-up (‘Winding-Up’) pursuant to Section 439(1)(b) of the Companies Act 2016. Mr. Andrew Heng of Ferrier Hodgson MH Sdn. Bhd. was appointed as the liquidator for the Winding-Up.

 

Details of IDB under Winding-Up are as follows:-

 

 Name

Date of Incorporation

Principal Activity

Paid-up Share Capital

Remark

IDB

23 May 2011

IDB has ceased business operation.

RM5,000,000.00

IDB is not a major subsidiary of ICB and is currently dormant.

 

 

 

IDB forms part of the group of subsidiaries to be disposed of by the Company pursuant to the proposed management buy-out exercise announced by the Company on 5 March 2020, which serves to trim the Group’s losses through disposing of its non-profitable businesses.

 

The Winding-Up will not have any material effect on the earnings, net assets and gearing of the Group for the financial year ending 30 June 2020, and will not have any effect on the issued share capital and substantial shareholders’ shareholdings of ICB.

 

None of the Directors or major shareholders of the Company, or any person connected to them, has any interest, direct or indirect, in the Winding-Up.

 

This announcement is dated 3 June 2020.






Announcement Info

Company Name IDIMENSION CONSOLIDATED BHD
Stock Name IDMENSN
Date Announced 03 Jun 2020
Category General Announcement for PLC
Reference Number GA1-06052020-00087



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