General Announcement::Members' Voluntary Liquidation of subsidiary companies in Jersey
Issuer & Securities
OVERSEA-CHINESE BANKING CORPORATION LIMITED
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Date &Time of Broadcast
Announcement Sub Title
Members' Voluntary Liquidation of subsidiary companies in Jersey
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
On 25 January 2017, the sole shareholder of each Caesarean Management Ltd, BOS Nominees (Jersey) Limited, BOS Secretaries (Jersey) Limited and BOS Trust Company (Jersey) Limited passed a special resolution for members' voluntary winding up.
Caesarean Management Ltd, BOS Nominees (Jersey) Limited and BOS Secretaries (Jersey) Limited are wholly-owned subsidiaries of BOS Trust Company (Jersey) Limited. BOS Trust Company (Jersey) Limited is a wholly-owned subsidiary of Bank of Singapore Limited, which is itself a wholly-owned subsidiary of Oversea-Chinese Banking Corporation Limited ("OCBC").
The voluntary winding up of the above companies is part of the on-going rationalisation of the OCBC Group and is not expected to have any material impact on the net tangible assets or earnings per share of OCBC Group for the financial year ending 31 December 2017.