|Contents||The Board of Directors of Keck Seng (Malaysia) Berhad ("KSM" or "the Company") wishes to announce that Banang Bersama Segamat Sdn Bhd ("BBS") (Company No. 39188-X), a wholly-owned subsidiary of KSM will be wound up by way of a members' voluntary winding up pursuant to Section 258 of the Companies Act, 1965. |
BBS, a property development company, had completed the development project in late 2007, sold all the developed units by the year 2009 and fully collected all its trade receivables in January 2010. BSS is now dormant with no further planned business activities.
Dato' Ho Cheng Chong @ Ho Kian Hock of No. 10-16, Jaln Sagu 8, Taman Daya, 81100 Johor Bahru has been appointed the Liquidator of BSS.
The members' voluntary winding up of BSS will not have any material effect on the earnings or net assets of KSM Group for the financial year ending 31 December 2010.
This announcement is dated 01 September 2010.