Posted Oct 21, 2022, 1:35 AM
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Join Date: Mar 2004
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WORLD 2022
Part 80: Hong Kong | Berjaya Corp Bhd
Berjaya Corp proposes deregistration of Hong Kong-based eCosway.com, Tact Full
Dilpreet Kaur October 20, 2022 14:25 pm +08
Quote:
KUALA LUMPUR (Oct 20): Berjaya Corp Bhd (BCorp) is voluntarily deregistering its Hong Kong-based 100%-owned dormant subsidiaries eCosway.com (HK) Ltd and Tact Full Ltd pursuant to Section 750 of the Hong Kong Companies Ordinance.
In a Bursa Malaysia filing on Wednesday (Oct 19), diversified group BCorp said the proposed deregistration of eCosway.com and Tact Full is subject to approvals from the Hong Kong Inland Revenue Department for tax clearance and Hong Kong Companies Registry.
"The proposed deregistration will not have any effect on the issued share capital and shareholding structure of BCorp and is not expected to have any material effect on the earnings, net assets and gearing of the BCorp.
"None of the directors and major shareholders of BCorp and/or persons connected with them has any interest, direct or indirect, in the proposed deregistration," BCorp said.
At Bursa on Thursday, BCorp's share price settled unchanged at 23.5 sen at the 12.30pm break for a market value of about RM1.4 billion.
BCorp's latest-reported number of outstanding shares stood at around 5.96 billion.
The diversified businesses of BCorp include property development, food and beverage besides education, according to its website.
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https://www.theedgemarkets.com/article/b...tion-hong-kongbased-ecoswaycom-tact-full
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