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Genting Malaysia liquidates Irish subsidiary

KUALA LUMPUR (Feb 2): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned dormant subsidiary Stanley Leisure (Ireland) Unlimited Company (SLIUC), which was incorporated in Ireland, was placed under members voluntary liquidation last Wednesday (Jan 27) pursuant to the provisions of the Companies Act 2014 of Ireland.
A members voluntary liquidation of a company is a process initiated by shareholders to close down a solvent firm.
The members voluntary liquidation of SLIUC will not have any material impact on net assets and earnings per share (EPS) of the Genting Malaysia group for the financial year ending Dec 31, 2021 (FY21),” GenM said in a Bursa Malaysia filing today. ....

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Boustead, Pharmaniaga, Bursa Malaysia, RHB Bank, Greatech, Genting Malaysia, S P Setia, Lii Hen, Bintai Kinden, TCS Group, Willowglen MSC and Westports

KUALA LUMPUR (Feb 2): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Wednesday, Feb 3) include: Boustead Holdings Bhd, Pharmaniaga Bhd, Bursa Malaysia Bhd, RHB Bank Bhd, Greatech Technology Bhd, Genting Malaysia Bhd (GenM), S P Setia Bhd, Lii Hen Industries Bhd, Bintai Kinden Corp Bhd, TCS Group Holdings Bhd, Willowglen MSC Bhd and Westports Holdings Bhd.
Lembaga Tabung Angkatan Tentera (LTAT) has decided not to pursue the privatisation of
Boustead Holdings Bhd at this juncture, after taking into consideration the current challenging economic environment arising from the Covid-19 pandemic and the reimplementation of Movement Control Order. ....

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