Abundante Limited Liquidates Dormant Subsidiary
Abundante Limited has announced the voluntary liquidation of its dormant subsidiary, Pinespeed Sdn. Bhd., incorporated in Malaysia, under the Malaysia Companies Act 2016. The subsidiary will be dissolved three months after the lodgement of the Return by Liquidator. This decision is not expected to significantly impact Abundante Limited’s net tangible assets or earnings per share for the current financial year.
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Transit-Mixed Concrete Ltd ( (SG:570) ) has provided an update.
Abundante Limited has announced the voluntary liquidation of its dormant subsidiary, Pinespeed Sdn. Bhd., which is incorporated in Malaysia. This decision is made under the Malaysia Companies Act 2016, and Pinespeed will be dissolved three months after the lodgement of the Return by Liquidator. The liquidation is not expected to significantly affect Abundante Limited’s net tangible assets or earnings per share for the current financial year.
More about Transit-Mixed Concrete Ltd
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Technical Sentiment Signal: Sell
Current Market Cap: S$15.12M
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