Change - Change in Corporate Information::DISSOLUTION OF SUBSIDIARY - DIRECT EDUCATIONAL TECHNOLOGIES INDIA PRIVATE LIMITED

Issuer

Issuer/ Manager
FRASER AND NEAVE LIMITED.

Announcement Details

Announcement Title
Change - Change in Corporate Information
Date &Time of Broadcast
22-Jun-2021 18:23:04
Status
New
Announcement Sub Title
DISSOLUTION OF SUBSIDIARY - DIRECT EDUCATIONAL TECHNOLOGIES INDIA PRIVATE LIMITED
Announcement Reference
SG210622OTHRDX95
Submitted By (Co./ Ind. Name)
Hui Choon Kit
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)

Fraser and Neave, Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that Direct Educational Technologies India Private Limited ("DETI") has been dissolved through a members' voluntary winding up. DETI is an indirect wholly-owned India subsidiary of Times Publishing Limited ("TPL"). TPL is a wholly-owned subsidiary of the Company.

The dissolution of DETI is not expected to have any material impact on the net tangible asset value per share or earnings per share of the Company and the Group for the current financial year ending 30 September 2021.

Save for their interests in the Company, none of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in DETI.

BY ORDER OF THE BOARD

Hui Choon Kit
Company Secretary
22 June 2021

Place Of Incorporation

Existing
Singapore
New

Registered Address

Existing
New