The Board of Directors of Emico wishes to announce that the following indirect subsidiaries of the Company had, on 29 February 2024, submitted their applications to the Companies Commission of Malaysia to strike off their names from the register pursuant to Section 550 of the Companies Act 2016 (“Proposed Striking Off”):
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No.
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Name of Subsidiaries
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Date of Incorporation
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Number of Issued Share (RM)
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Remarks
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1.
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NEB Pacific Sdn Bhd
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11.10.1990
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2
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Dormant
Wholly Owned by NEB Development Berhad, a 60% owned subsidiary of Emico.
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2.
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UNIC Builders Sdn Bhd
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18.06.1996
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1,000,000
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Dormant
Wholly Owned by NEB Development Berhad, a 60% owned subsidiary of Emico.
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The said indirect subsidiaries are currently dormant and have no intention to carry on business or operations in the future.
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The Proposed Striking Off will not have any financial impact on the Group for the financial year ending 31 March 2024.
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The Proposed Striking Off is not subject to the approval of the shareholders of the Company. However, the Proposed Striking Off is subject to the approval of the CCM.
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This announcement is dated 29 February 2024.
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