Change - Change in Corporate Information::Striking off of subsidiiaries

Issuer

Announcement Title: Change - Change in Corporate Information
Date &Time of Broadcast: 23-Jul-2020 12:14:02
Status: New
Announcement Sub Title: Striking off of subsidiiaries
Announcement Reference: SG200723OTHRY02S
Submitted By (Co./ Ind. Name): Lim Heng Lin, Henry
Designation: independent director
Effective Date and Time of the event: 23/07/2020 17:00:00
Description (Please provide a detailed description of the event in the box below): INNOPAC HOLDINGS LIMITED
(Company Registration Number 197301788K)
(Incorporated in the Republic of Singapore)

STRIKE OFF OF SUBSIDIARIES

The Board of Directors (the Board ) of Innopac Holdings Limited (the Company, and together with its subsidiaries, the Group ) wishes to announce that it's 100% owned dormant subsidiary, PG Communications Pte. Ltd., and it's 88.5% owned dormant subsidiary, Shakey s Holdings Pte Ltd (collectively, the Subsidiaries ) have been struck off from the Register of Companies pursuant to Section 344 of the Companies Act, Chapter 50 on 6 July 2020.

The striking off of Subsidiaries are not expected to have any material impact on the net tangible assets and net earnings per share of the Group for the financial year ending 30 June 2021.

None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the aforesaid transaction, save for their shareholdings in the Company.

BY ORDER OF THE BOARD

Henry Lim Heng Lin
Independent Director
23 July 2020

Existing

New