General Announcement for PLC

08/05/2019

OTHERS Disposal of Dormant Subsidiary Company

FEDERAL INTERNATIONAL HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description 
Disposal of Dormant Subsidiary Company

Federal International Holdings Bhd (“the Company”) has today disposed a wholly-owned subsidiary company, Laying Kaji Sdn Bhd (“LKSB”) to Dato’ Choy Wai Hin (“CWH”) and Dr. Choy Sook Kuen ("CSK") for a nominal consideration of Ringgit Malaysia One (RM1.00) only. LKSB is a dormant company and has an issued and paid up capital of RM2.00. Based on the last audited financial statements as at 30 June 2018, LKSB has an accumulated loss of RM28,639. CWH is the Group Managing Director of the Company and CSK is the sister of CWH. The disposal is in line with the Company’s strategy to streamline the Group’s corporate structure to reduce operating costs.



Announcement Info

Company Name FEDERAL INTERNATIONAL HOLDINGS BERHAD
Stock Name FIHB
Date Announced 08 May 2019
Category General Announcement for PLC
Reference Number GA1-08052019-00070


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