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WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR DISSOLUTION OF A SUBSIDIARY

GUOCOLAND (MALAYSIA) BERHAD

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

GuocoLand (Malaysia) Berhad (“GLM”) writes to inform that Megawise International Limited (formerly known as Guoman International Limited), a wholly-owned subsidiary of Guoman Hotel & Resort Holdings Sdn Bhd which in turn is a 70%-owned subsidiary of GLM, has on 23 August 2017, received notification from Jersey Financial Services Commission (“JFSC”) to confirm that Megawise was dissolved on 17 August 2017 following the registration of special resolution to wind up Megawise by summary winding up with JFSC.

Megawise has ceased operations and there are no future plans to activate this company.

The dissolution of Megawise will not have any material impact on the net assets and earnings per share of GLM Group for the financial year ending 30 June 2018.

This announcement is dated 24 August 2017.






Announcement Info

Company Name GUOCOLAND (MALAYSIA) BERHAD
Stock Name GUOCO
Date Announced 24 Aug 2017
Category General Announcement for PLC
Reference Number GA1-24082017-00086


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