WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR MEMBERS VOLUNTARY LIQUIDATION OF SPJ CORPORATION BERHAD
|MMC CORPORATION BERHAD|
|Subject||WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
MEMBERS VOLUNTARY LIQUIDATION OF SPJ CORPORATION BERHAD
MMC Corporation Berhad (“MMC”) wishes to announce that SPJ Corporation Berhad (“SPJ”), a wholly owned subsidiary of Senai Airport Terminal Services Sdn Bhd (“SATSSB”) which in turn is a wholly owned subsidiary of MMC, has today passed a special resolution to wind-up SPJ vide members’ voluntary liquidation pursuant to Section 439(1)(b) of the Companies Act 2016 (“Liquidation”).
The shareholder of SPJ has also approved the appointment of Madam Chong Ai Ling of Messrs. Peter Chong Corporate Advisory Sdn Bhd as the liquidator of SPJ in respect of the Liquidation.
SPJ was incorporated in Malaysia on 29 August 2003 and the current issued and paid up share capital is RM2.00. SPJ has not commenced operations since its incorporation.
The Liquidation of SPJ is part of MMC’s rationalisation efforts to wind up dormant subsidiaries in MMC Group of Companies (“MMC Group”).
The Liquidation will not have any material impact on the earnings, net assets and gearing of MMC Group for the financial year ending 31 December 2018. The Liquidation is also not expected to have any operational impact on MMC Group.
None of the Directors or Major Shareholders of MMC or persons connected to them has any interest, direct or indirect in the Liquidation.
This announcement is dated 18 May 2018.
|Company Name||MMC CORPORATION BERHAD|
|Date Announced||18 May 2018|
|Category||General Announcement for PLC|