INTRODUCTION
Mesiniaga Berhad ( MB ) wishes to announce that its wholly owned
subsidiary, MESINIAGA TECHNIQUES SDN.
BHD. ( MTSB ) had on 31st December 2012 decided to voluntarily wind up and has
appointed En. Jasni Abdul Jalil as the liquidator to administer its liquidation
process.
INFORMATION ON MTSB
MTSB was incorporated on 16th December 1994 with a paid up capital
of RM50,000 comprising of 50,000 ordinary shares of RM1 each.
RATIONALE OF THE LIQUIDATION
MTSB ceased operations in Year 2005. Prior to it ceasing operations, MTSB was primarily engaged in business
development of new product technologies and markets. The decision to put MTSB
into liquidation was made after taking into consideration that there was no
further need for the company to remain in existence.
EFFECTS ON THE LIQUIDATION
MB is not expected to record any material loss arising from the liquidation of
MTSB. The liquidation also will not have any material effect on the issued and
paid-up share capital and substantial shareholders shareholdings of MB and is
not expected to have any material effect on the net assets per share, gearing
and earnings per share of the MB Group for the financial year ending 31
December 2012.
INTERESTS OF DIRECTORS, MAJOR SHAREHOLDERS AND PERSONS CONNECTED TO MB
None of the directors and/or major shareholders of MB and/or persons connected
to them has any interest, whether direct or indirect, in the liquidation.
This announcement is dated 3rd January 2013