WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR AYS VENTURES BERHAD - MEMBERS VOLUNTARY WINDING UP OF INDIRECT SUBSIDIARY, AYS WIRE PRODUCTS SDN BHD
|AYS VENTURES BERHAD|
|Subject||WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
AYS VENTURES BERHAD - MEMBERS VOLUNTARY WINDING UP OF INDIRECT SUBSIDIARY, AYS WIRE PRODUCTS SDN BHD
The Board of AYS Ventures Berhad ("AYS" or "Company") wishes to announce that AYS Wire Products Sdn Bhd ("AYSW"), a 90% owned subsidiary of Ann Yak Siong Hardware Sdn Bhd, that is wholly-owned by the Company has on 13 March 2020, commenced member's voluntary winding up pursuant to Section 439(1) of the Companies Act 2016 ("Winding Up"). In relation thereto, Mr. Lai Yok Foong has on the same date been appointed as the liquidator for AYSW.
AYSW was incorporated in Malaysia on 24 March 1997. The principal activity of AYSW previously was manufacturing and trading of wire and steel products and AYSW has been dormant since 1 January 2019.
The Winding Up of AYSW will not have any material impact on the net assets and earnings of the AYS Group for the financial year ending 31 March 2020.
This announcement is dated 13 March 2020.
|Company Name||AYS VENTURES BERHAD|
|Date Announced||13 Mar 2020|
|Category||General Announcement for PLC|