General Announcement::MEMBERS' VOLUNTARY LIQUIDATION OF OCBC CREDIT BERHAD

Issuer & Securities

Issuer/ Manager
OVERSEA-CHINESE BANKING CORPORATION LIMITED
Securities
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
30-Oct-2014 17:16:45
Status
New
Announcement Sub Title
MEMBERS' VOLUNTARY LIQUIDATION OF OCBC CREDIT BERHAD
Announcement Reference
SG141030OTHR6IAG
Submitted By (Co./ Ind. Name)
Sherri Liew
Designation
Assistant Secretary
Description (Please provide a detailed description of the event in the box below)
At an Extraordinary General Meeting of OCBC Credit Berhad (the "Company"), held on 30 October 2014, the sole shareholder of the Company passed a special resolution for the members' voluntary winding-up of the Company. The Company is a subsidiary of OCBC Bank (Malaysia) Berhad, which is itself a wholly-owned subsidiary of Oversea-Chinese Banking Corporation Limited ("OCBC").

The voluntary liquidation of the Company is part of the on-going rationalisation of 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 2014.