| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description |
MBM RESOURCES BERHAD ("MBMR" OR "THE COMPANY") - VOLUNTARY WINDING UP OF ONE INDIRECT SUBSIDIARY COMPANY |
INTRODUCTION
The Board of Directors of MBMR wishes to announce that Hirotako Technologies Sdn. Bhd. ("HTSB"), a wholly-owned subsidiary company of Hirotako Holdings Berhad ("HHB"), which in turn is a 99.9% owned subsidiary of MBMR, has resolved by way of special resolution at their extraordinary general meeting ("EGM") held on 1 January 2020 to approve the voluntary winding up pursuant to Section 439 of the Companies Act 2016.
1. INFORMATION ON HIROTAKO TECHNOLOGIES SDN. BHD.
HTSB was incorporated on 28 August 1990 with issued share capital of RM500,000.00 representing 500,000 Ordinary Shares. It has ceased operations in 1998 and has since remained dormant. HTSB is not a major subsidiary of MBMR Group (“the Group”).
2. RATIONALE FOR VOLUNTARY WINDING UP
HTSB has been dormant since 1998 and HHB has no future plan to activate the business or operation of this company.
3. DETAILS OF VOLUNTARY WINDING UP
HTSB has resolved by way of special resolution in their EGM held on 1 January 2020 to approve the voluntary winding up pursuant to Section 439 of the Companies Act 2016 and also resolved to appoint Ms. Lee Wai Ngan and Ms. Chan Toye Ying of Systems Associates Sdn. Bhd. as liquidator of HTSB for the purpose of the voluntary winding up.
4. EFFECT OF THE VOLUNTARY WINDING UP
The voluntary winding up proceeding of HTSB will not have any operational impact on or result in any loss to the Group. The voluntary winding up of HTSB will also not have any material effect on the earnings, net assets and gearing of MBMR for the current financial year ending 31 December 2020.
There is no effect on the issued share capital and the substantial shareholders’ shareholding in MBMR.
5. STATEMENT BY DIRECTORS
None of the Directors or major shareholders of MBMR or persons connected to them have any interest, direct or indirect, in the voluntary winding up.
This announcement is dated 2 January 2020.
| Company Name | MBM RESOURCES BHD |
| Stock Name | MBMR |
| Date Announced | 02 Jan 2020 |
| Category | General Announcement for PLC |
| Reference Number | GA1-20122019-00008 |
