General Announcement for PLC

04/08/2022

WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR DISSOLUTION OF DORMANT LABUAN SUBSIDIARIES

MARINE & GENERAL BERHAD

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description 
DISSOLUTION OF DORMANT LABUAN SUBSIDIARIES

Marine & General Berhad (“M&G” or “the Company”) wishes to announce that its indirect wholly owned Labuan subsidiaries namely, M&G Ship Management (L) Pte Ltd (“MGSM”) and M&G Marine Logistics (L) Pte Ltd (“MGML”) have been effectively dissolved on 4 August 2022 i.e. the expiration of three (3) months after the Return by Liquidator relating to Final Meeting of MGSM and MGML was lodged with Labuan Financial Services Authority.

 

MGSM and MGML were dormant since their incorporation on 8 January 2018 and 29 March 2018 respectively.

 

The dissolution of MGSM and MGML will not have any effect on the share capital and shareholdings of the substantial shareholders of M&G and will not have any material effect on the earnings, net assets and gearing of M&G Group.

 

None of the directors or major shareholders of M&G or persons connected to them has any interest, direct or indirect, in the dissolution.

 

This announcement is dated 4 August 2022.



Announcement Info

Company Name MARINE & GENERAL BERHAD
Stock Name M&G
Date Announced 04 Aug 2022
Category General Announcement for PLC
Reference Number GA1-04082022-00015


Related Announcements for M&G
Date Title
23/03/2022 OTHERS MARINE & GENERAL BERHAD - INCORPORATION OF WHOLLY OWNED SUBSIDIARY
06/10/2021 OTHERS MARINE & GENERAL BERHAD ("M&G" or "the Company") - DEVIATION OF 10% OR MORE BETWEEN THE ANNOUNCED UNAUDITED FINANCIAL STATEMENTS AND THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 APRIL 2021
30/09/2021 OTHERS MARINE & GENERAL BERHAD ("M&G" OR "THE COMPANY") -BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") PN 17 RELIEF MEASURES RESULTING IN M&G TRIGGERING SUSPENDED CRITERIA BUT NOT CLASSIFIED AS A PN 17 LISTED ISSUER
30/09/2021 AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN : MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
20/09/2021 OTHERS MARINE & GENERAL BERHAD - AWARD FOR THE PROVISION OF OFFSHORE SUPPORT VESSELS FOR PETROLEUM ARRANGEMENT CONTRACTORS (PACs) PRODUCTION OPERATIONS ("CONTRACT")
09/09/2021 MATERIAL LITIGATION MARINE & GENERAL BERHAD ("M&G" OR "THE COMPANY") APPLICATION TO INTERVENE BY M&G TANKERS (L) PTE LTD IN ADMIRALTY ACTION IN REM BY MAJOROLE SHIPPING SDN BHD AGAINST THE VESSEL SEMUA BAHAGIA (ADMIRALTY IN REM SUIT NO. WA-27NCC-68-11/2016)
08/09/2021 TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS MARINE & GENERAL BERHAD ("M&G" OR "THE COMPANY") (I) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (II) PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (COLLECTIVELY REFERRED TO AS "PROPOSED SHAREHOLDERS' MANDATE")
25/06/2021 OTHERS MARINE & GENERAL BERHAD - EXTENSION OF TIME FOR THE ISSUANCE OF QUARTERLY REPORT
07/05/2021 OTHERS MARINE & GENERAL BERHAD - WORK ORDER AWARD FOR THE PROVISION OF ANCHOR HANDLING TUG & SUPPLY FOR PETRONAS CARIGALI SDN. BHD.
08/02/2021 OTHERS MARINE & GENERAL BERHAD (M&G OR THE COMPANY) -INCORPORATION OF AN INDIRECT WHOLLY- OWNED SUBSIDIARY