WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR HANDAL RESOURCES BERHAD (HRB or the Company) Application For Striking Off Of Wholly-Owned Subsidiaries Of The Company Pursuant To Section 550 Of The Companies Act, 2016

HANDAL RESOURCES BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
HANDAL RESOURCES BERHAD (HRB or the Company)
Application For Striking Off Of Wholly-Owned Subsidiaries Of The Company Pursuant To Section 550 Of The Companies Act, 2016

 

The Board of Directors of HRB wish to announce that on the 4th July 2017, the following two dormant subsidiaries have applied to the Companies Commission of Malaysia for strike-off pursuant to Section 550 of the Companies Act, 2016;

 

  1.  Handal E&P Sdn. Bhd. (HEP) a wholly-owned subsidiary of  HRB and

 

  1. Handal Offshore East Malaysia Sdn. Bhd. (HOEM), a wholly-owned subsidiary of Handal Offshore Services Sdn. Bhd. (which in turn is a wholly owned-subsidiary of HRB.)

 

Both HEP [incorporated on 9 March 2011 and with a paid up capital of RM2.00] & HOEM [incorporated on 19 September 2011 and with a paid up capital of RM2.00] have not commenced business since incorporation and have no intention to carry on any business activities in the future. The strike-off of HEP & HOEM will enable HRB to avoid incurring further costs and reduce the administrative resources for maintaining both subsidiaries.

 

The above strike-off will not have a material effect on the earnings and net assets of the HRB Group for the financial year ending 31 December 2017.

 

None of the Directors and/or major shareholders of the Company, or persons connected with them has any interest, direct or indirect in the said Strike Off.

 

This announcement is dated 4 July 2017.






Announcement Info

Company Name HANDAL RESOURCES BERHAD
Stock Name HANDAL
Date Announced 04 Jul 2017
Category General Announcement for PLC
Reference Number GA1-04072017-00042