General Announcement::MEMBERS' VOLUNTARY LIQUIDATION OF STRAITS LION MANAGEMENT (MALAYSIA) SDN BHD

Issuer & Securities

Issuer/ Manager
GREAT EASTERN HOLDINGS LIMITED
Securities
GREAT EASTERN HLDGS LTD - SG1I55882803 - G07
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
21-Apr-2015 17:44:16
Status
New
Announcement Sub Title
MEMBERS' VOLUNTARY LIQUIDATION OF STRAITS LION MANAGEMENT (MALAYSIA) SDN BHD
Announcement Reference
SG150421OTHRPUFP
Submitted By (Co./ Ind. Name)
Jennifer Wong Pakshong
Designation
Group Company Secretary and General Counsel
Description (Please provide a detailed description of the event in the box below)
At an Extraordinary General Meeting of Straits Lion Management (Malaysia) Sdn Bhd (the "Company") held on 21 April 2015, the shareholders of the Company passed a special resolution for the members' voluntary winding up of the Company.

Great Eastern Capital (Malaysia) Sdn Bhd (which has a 51% interest in the Company) is an indirect wholly-owned subsidiary of Great Eastern Holdings Limited ("GEH") and Lion Global Investors Limited (70% owned by GEH) owns the balance 49% interest in the Company.

The voluntary liquidation of the Company, which has ceased business activities since 2001, is part of the ongoing rationalisation of GEH group and is not expected to have any material impact on the net tangible assets or earnings per share of GEH group for the financial year ending 31 December 2015.