General Announcement::Liquidation of Indirect Wholly-Owned Subsidiary
Issuer & Securities
Issuer/ Manager
DBS GROUP HOLDINGS LTD
Securities
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Stapled Security
No
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast
22-Jan-2021 17:20:20
Status
New
Announcement Sub Title
Liquidation of Indirect Wholly-Owned Subsidiary
Announcement Reference
SG210122OTHR4FEQ
Submitted By (Co./ Ind. Name)
TEOH CHIA-YIN
Designation
GROUP SECRETARY
Description (Please provide a detailed description of the event in the box below)
DBS Group Holdings Ltd ("DBSH") wishes to announce that voluntary liquidation proceedings have commenced for its indirect wholly-owned subsidiary, DBS Kwong On Limited, an entity incorporated in Hong Kong. DBS Kwong On Limited is currently a dormant entity and is no longer required.
The liquidation is not expected to have any material impact on DBSH's financial position for the financial year ending 31 December 2021.
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