Announcement Details/Table Section :
Pentamaster Corporation Berhad (hereinafter referred to as “PMCB”) wishes to announce that two (2) of its wholly owned subsidiaries, Pentamaster Contract Manufacturing Sdn. Bhd. (“PCM”) and Pentamaster Precision (M) Sdn. Bhd. (“PPM”) have on 30 December 2011 been placed under Members’ Voluntary Winding-up.
PCM was incorporated in Malaysia on 8 July 2003 and has an authorised share capital of RM1,000,000 comprising 1,000,000 ordinary shares of RM1.00 each whilst its issued and paid up share capital is RM1,000,000 comprising 1,000,000 ordinary shares of RM1.00 each.
PCM has not commenced business operations since incorporation and PMCB has decided not to activate its business operations.
PPM was incorporated in Malaysia on 14 November 2000 and has an authorised share capital of RM500,000 comprising 500,000 ordinary shares of RM1.00 each whilst its issued and paid up share capital is RM500,000 comprising 500,000 ordinary shares of RM1.00 each.
PPM was previously in the business of designing and manufacturing of precision machinery components. It has ceased its business operations during the financial year ended 31 December 2007 and is currently dormant. PMCB has decided not to re-activate this line of business in PPM.
The Members’ Voluntary Winding-up of PCM and PPM will not have any material effect on the earnings, net assets and gearing of the PMCB Group for the current financial year ending 31 December 2011, nor any effect on the share capital and shareholding structure of PMCB.
None of the Directors and/or major shareholders of PMCB and/or persons connected to them have any interest, direct or indirect, in the Members’ Voluntary Winding-up of PCM and PPM.
The Members’ Voluntary Winding-up of PCM and PPM are not subject to the approval of the shareholders of PMCB.
This announcement is dated 30 December 2011.
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