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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" or "the Company") - Member's voluntary winding-up of a dormant wholly-owned subsidiary

MALAYAN UNITED INDUSTRIES BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
MALAYAN UNITED INDUSTRIES BERHAD ("MUIB" or "the Company")
- Member's voluntary winding-up of a dormant wholly-owned subsidiary

1. INTRODUCTION

 

The Company wishes to announce that Ming Court Hotels International Sdn Bhd, a dormant wholly-owned subsidiary of MUIB, has at its Extraordinary General Meeting held on 1 November 2023, obtained approval from the sole shareholder to commence members’ voluntary winding-up pursuant to Section 439(1) (b) of Companies Act, 2016.

 

Mr Chong Mun Yew of Messrs Crowe KL Tax Sdn Bhd has been appointed as the Liquidator for the above Winding-Up.

 

2. DETAILS OF SUBSIDIARY UNDER WINDING-UP

 

Subsidiary

Date of Incorporation

Principal activity prior to Winding-Up

Issued and Paid-up Share Capital (RM)

Ming Court Hotels International Sdn Bhd

30 April 1981

Investment Holding (Dormant)

RM2 comprising 2,000,000 ordinary shares

 

3. RATIONALE FOR THE WINDING-UP

 

The winding-up of the subsidiary is part of the MUIB Group’s continuing rationalisation effort to simplify the structure of the MUIB Group. In addition, the Winding-Up will enable the MUIB Group to save future costs associated with maintaining this Subsidiary.

 

4. EFFECTS OF THE WINDING-UP

 

The Winding-Up will not have any material financial or operational effect on the MUIB Group for the current financial year ending 30 June 2024.

 

5. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS

 

None of the Directors, major shareholders and persons connected with the Directors and major shareholders of MUIB have any interest, direct or indirect, in the Winding-Up of this subsidiary.

 

This announcement is dated 1 November 2023.






Announcement Info

Company Name MALAYAN UNITED INDUSTRIES BERHAD
Stock Name MUIIND
Date Announced 01 Nov 2023
Category General Announcement for PLC
Reference Number GA1-31102023-00005



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