General Announcement for PLC

24/12/2020

OTHERS SUNZEN BIOTECH BERHAD ("SUNZEN" OR "THE COMPANY") - APPLICATION FOR STRIKING-OFF OF A SUBSIDIARY

SUNZEN BIOTECH BERHAD

Type Announcement
Subject OTHERS
Description 
SUNZEN BIOTECH BERHAD ("SUNZEN" OR "THE COMPANY") 
- APPLICATION FOR STRIKING-OFF OF A SUBSIDIARY

The Board of Directors of Sunzen wishes to announce that Sunzen Agritechnology (Northern) Sdn. Bhd. (“SAN”), a wholly-owned subsidiary of Sunzen Feedtech Sdn. Bhd., which in turn is a wholly-owned subsidiary of the Company, had on 24 December 2020 submitted an application for striking-off pursuant to Section 550 of the Companies Act 2016 to the Companies Commission of Malaysia (“CCM”).

 

SAN has ceased operations since 1st July 2020 and has no intention to carry on its business in the future.

 

The application for striking-off of SAN is subject to the approval of the CCM and will not have any material impact on the net assets and earnings per share of the Group for the financial year ending 31 December 2020.

 

This announcement is dated 24 December 2020.



Announcement Info

Company Name SUNZEN BIOTECH BERHAD
Stock Name SUNZEN
Date Announced 24 Dec 2020
Category General Announcement for PLC
Reference Number GA1-10122020-00018


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