General Announcement::Liquidation of Indirect Wholly-Owned Subsidiary
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
26-Apr-2019 17:11:03
Status
New
Announcement Sub Title
Liquidation of Indirect Wholly-Owned Subsidiary
Announcement Reference
SG190426OTHR2S0S
Submitted By (Co./ Ind. Name)
Teoh Chia-Yin
Designation
Group 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 indirect wholly-owned subsidiary, DHB Limited, an entity incorporated in Hong Kong. DHB Limited is currently a dormant entity and is 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 2019.
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