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Members' Voluntary Winding-up Of Tr Components Sdn Bhd

Back 16 Apr 2009
General Announcement
Reference No AG-090416-61331

 

Submitting Merchant Bank
:
 N/A
Company Name
:
 AXIATA GROUP BERHAD
Stock Name
:
 AXIATA
Date Announced
:
 16/04/2009

 

Type
:
 Announcement
Subject
:
AXIATA GROUP BERHAD (FORMERLY KNOWN AS TM INTERNATIONAL BERHAD) ("AXIATA") - MEMBERS' VOLUNTARY WINDING-UP OF TR COMPONENTS SDN BHD

Contents
:
The Board of Directors of Axiata wishes to announce that its wholly-owned subsidiary held via Celcom (Malaysia) Berhad (“Celcom”) namely, TR Components Sdn Bhd (“TR Components”), had on 16 April 2009 commenced members’ voluntary winding-up (“Winding-Up”) pursuant to Section 254(1)(b) of the Companies Act, 1965. In relation thereto, Encik Mohd Afrizan bin Husain and Encik Khairul Azahar bin Ariffin (“Liquidators”) of Messrs Afrizan Tarmili Khairul Azhar (“AFTAAS”), 10th Floor Bangunan Yayasan Selangor, 74 Jalan Raja Muda Abdul Aziz, 50300 Kuala Lumpur were appointed as the Liquidators for TR Components on the same day.

The Winding-Up of TR Components is expected to be completed by September 2009 or about 6 months from the date of appointment of the Liquidators.

Announcement Details :

Information on TR Components


TR Components was incorporated in Malaysia on 18 April 1991. Its present authorised capital is RM25,000 comprising 25,000 ordinary shares of RM1.00 each. Its present issued and paid-up capital is RM2 comprising 2 ordinary shares of RM1.00 each. The principal activity of TR Components was investment holding. TR Components has been inactive since 2004.

Rationale for the Winding-Up

The Winding-Up proceeding of TR Components is part of the rationalisation and streamlining exercise of Axiata Group.

Financial or Operational Effects of the Winding-Up

The Winding-Up of TR Components will not have any financial or operational effects on Axiata Group.

Directors’ and Substantial Shareholders’ Interest

One of the partners of AFTAAS is a person connected to Dato’ Sri Jamaludin Ibrahim, Managing Director/President & Group Chief Executive Officer of Axiata. Dato’ Sri Jamaludin who is also the Chairman of Celcom had during the deliberation on the Winding-Up at the Board of Directors’ Meeting of Celcom, abstained from deliberating and voting on the appointment of AFTAAS.

Save as disclosed above, none of the Directors and substantial shareholders of Axiata or persons connected with them has any interest, direct or indirect, in the Winding-Up.

This announcement is dated 16 April 2009.