WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR TURBO-MECH BERHAD ("TURBO" OR "THE COMPANY") MEMBERS' VOLUNTARY LIQUIDATION OF ULTRA SOL ENGINEERING & TRADING SDN BHD ("ULTRA SOL"), A 60%-OWNED SUBSIDIARY OF THE COMPANY ("LIQUIDATION")

TURBO-MECH BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
TURBO-MECH BERHAD ("TURBO" OR "THE COMPANY")
MEMBERS' VOLUNTARY LIQUIDATION OF ULTRA SOL ENGINEERING & TRADING SDN BHD ("ULTRA SOL"), A 60%-OWNED SUBSIDIARY OF THE COMPANY ("LIQUIDATION")

Reference is made to the announcement dated 1 December 2015 on the above matter.

The Company wishes to announce that its dormant 60%-owned subsidiary, Ultra Sol, which was placed under Members’ Voluntary Winding-Up on 1 December 2015 and which held its Final Meeting on 29 September 2017, has been dissolved on 4 January 2017. This is after the expiration of three months from the date of lodgement of the Return by liquidator relating to the Final Meeting on 4 October 2017 with the Companies Commission of Malaysia and the Official Receiver.

The voluntary winding-up of Ultra Sol will not have any material effect on the earnings, gearing or net assets of Turbo for the year ended 31 December 2017.

None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect in the voluntary winding-up.

This announcement is dated 4 January 2018.






Announcement Info

Company Name TURBO-MECH BERHAD
Stock Name TURBO
Date Announced 04 Jan 2018
Category General Announcement for PLC
Reference Number GA1-02012018-00011