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Members' Voluntary Winding-up Of TR International Limited ("TRIL")

Back 31 Jul 2009
General Announcement
Reference No AG-090731-F42C6

 

Submitting Merchant Bank
:
 N/A  
Company Name
:
 AXIATA GROUP BERHAD  
Stock Name
:
 AXIATA  
Date Announced
:
 31/07/2009  


Type
:
 Announcement
Subject
:
AXIATA GROUP BERHAD (FORMERLY KNOWN AS TM INTERNATIONAL BERHAD) (“AXIATA”) - MEMBERS’ VOLUNTARY WINDING-UP OF TR INTERNATIONAL LIMITED (“TRIL”)

Contents
:
The Board of Directors of Axiata wishes to announce that its wholly-owned subsidiary held via Celcom (Malaysia) Berhad namely, TRIL, had on 31 July 2009 commenced members’ voluntary winding-up (“Winding-Up”) pursuant to Section 228 of the Hong Kong Companies Ordinance. In relation thereto, Mr Wong Poh Weng and Mr Stephen Wong Tak Man of Messrs RSM Nelson Wheeler of 29th Floor, Caroline Centre, Lee Gardens Two, 28 Yun Ping Road, Causeway Bay, Hong Kong were appointed as the liquidators for TRIL (“Liquidators”) on the same day.

Barring any unforeseen circumstances, the Winding-Up of TRIL is expected to be completed within 8 months from the date of appointment of the Liquidators.

Announcement Details :

Information on TRIL


TRIL was incorporated in Hong Kong on 19 August 1993. Its present authorised capital is HK$10,000.00 comprising 10,000 ordinary shares of HK$1.00 each. Its present issued and paid-up capital is HK$2.00 comprising 2 ordinary shares of HK$1.00 each. The principal activity of TRIL was investment holding. TRIL has been inactive since 2003.

Rationale for the Winding-Up

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

Financial or Operational Effects of the Winding-Up

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

Directors’ and Substantial Shareholders’ Interest

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 31 July 2009.