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
08-Aug-2019 17:40:30
Status
New
Announcement Sub Title
Liquidation of Indirect Wholly-Owned Subsidiary
Announcement Reference
SG190808OTHRXGK1
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, DBS Group (HK) Limited, an entity incorporated in Bermuda. DBS Group (HK) 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.