General Announcement::MEMBERS' VOLUNTARY LIQUIDATION OF BOS SECURITIES KOREA CO., LTD
Issuer & Securities
OVERSEA-CHINESE BANKING CORPORATION LIMITED
OVERSEA-CHINESE BANKING CORP - SG1S04926220 - O39
Date &Time of Broadcast
Announcement Sub Title
MEMBERS' VOLUNTARY LIQUIDATION OF BOS SECURITIES KOREA CO., LTD
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
At an Extraordinary General Meeting of BOS Securities Korea Co., Ltd (the "Company" or "BOS Korea") held on 27 May 2016, the sole shareholder of the Company passed a resolution for the members' voluntary winding-up of the Company. The Company is 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 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 2016.