General Announcement::Liquidation of Indirect Wholly-Owned Subsidiaries

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
23-Dec-2022 17:28:25
Status
New
Announcement Sub Title
Liquidation of Indirect Wholly-Owned Subsidiaries
Announcement Reference
SG221223OTHR108Q
Submitted By (Co./ Ind. Name)
ALVIN ZHUANG
Designation
ASSISTANT COMPANY 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 following indirect wholly-owned subsidiaries:

(a) DBS Vickers Securities (Hong Kong) Limited;
(b) Vickers Ballas Consultancy Services Limited; and
(c) Vickers Ballas Investment Management Limited.

The abovenamed are dormant entities incorporated in Hong Kong, and are 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.