YTL Corporation Berhad (YTL Corp or the Company) wishes to announce that YTL Vacation Club Berhad (YTLVC), a wholly-owned subsidiary of the Company, which is dormant, has been placed under members voluntary winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965. Mr Chong Fook Sin of Tacs Corporate Services Sdn Bhd, Unit No. 203, 2nd Floor, Block C, Damansara Intan, No. 1 Jalan SS20/27, 47400 Petaling Jaya, Selangor had been appointed as the Liquidator of YTLVC.
The voluntary winding-up of YTLVC does not have any material effect on the earnings, gearing or net assets of YTL Corp Group for the year ending 30 June 2015.
None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect in the voluntary winding-up.