General Announcement::Liquidation of Indirect Wholly-Owned Subsidiary
Issuer & Securities
DBS GROUP HOLDINGS LTD
DBS GROUP HOLDINGS LTD - SG1L01001701 - D05
Date &Time of Broadcast
Announcement Sub Title
Liquidation of Indirect Wholly-Owned Subsidiary
Submitted By (Co./ Ind. Name)
JOINT 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 Investment & Financial Advisory Co., Ltd., an entity incorporated in the People's Republic of China. DBS Investment & Financial Advisory Co., Ltd. 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 2022.