Bursa Announcements
News
Winding Up / Receiver & Manager / Restraining Order / Special Administrator
Aug 09, 2017
Type
Announcement
Subject
WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
GAMUDA BERHAD (29579-T) ("GAMUDA") VOLUNTARY DISSOLUTION OF 70% OWNED FOREIGN SUBSIDIARY OF GAMUDA
Gamuda Berhad (Company No. 29579-T) (“Gamuda”) wishes to announce that its 70% owned foreign subsidiary formed in the Socialist Republic of Vietnam, Gamuda-Nam Long Development Limited Liability Company (“GNL”) has been voluntarily dissolved in accordance with the Law on Enterprises 2014 of the Socialist Republic of Vietnam .
GNL was formed for the purpose of undertaking a property project known as Nam Phu Compound Villas which consisted of 20 units of bungalows with a gross development value of USD10 million. Following completion of the said project and there is no project identified for GNL, the shareholders of GNL have proceeded to dissolve GNL.
GNL has on 9 August 2017, received the written confirmation from the Department of Planning and Investment, Ho Chi Minh City, Business Registration Office confirming that GNL has been dissolved on 7 June 2017.
The voluntary dissolution of GNL will not have any material effect on the earnings and net assets of Gamuda group for the financial year ended 31 July 2017.
This announcement is dated 9 August 2017.
Announcement Info
Company Name
GAMUDA BERHAD
Stock Name
GAMUDA
Date Announced
09 Aug 2017
Category
General Announcement for PLC
Reference Number
GA1-09082017-00056
| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description |
GAMUDA BERHAD (29579-T) ("GAMUDA") VOLUNTARY DISSOLUTION OF 70% OWNED FOREIGN SUBSIDIARY OF GAMUDA |
|
Gamuda Berhad (Company No. 29579-T) (“Gamuda”) wishes to announce that its 70% owned foreign subsidiary formed in the Socialist Republic of Vietnam, Gamuda-Nam Long Development Limited Liability Company (“GNL”) has been voluntarily dissolved in accordance with the Law on Enterprises 2014 of the Socialist Republic of Vietnam . GNL was formed for the purpose of undertaking a property project known as Nam Phu Compound Villas which consisted of 20 units of bungalows with a gross development value of USD10 million. Following completion of the said project and there is no project identified for GNL, the shareholders of GNL have proceeded to dissolve GNL. GNL has on 9 August 2017, received the written confirmation from the Department of Planning and Investment, Ho Chi Minh City, Business Registration Office confirming that GNL has been dissolved on 7 June 2017. The voluntary dissolution of GNL will not have any material effect on the earnings and net assets of Gamuda group for the financial year ended 31 July 2017. This announcement is dated 9 August 2017. |
|
Announcement Info
| Company Name | GAMUDA BERHAD |
| Stock Name | GAMUDA |
| Date Announced | 09 Aug 2017 |
| Category | General Announcement for PLC |
| Reference Number | GA1-09082017-00056 |