|
Two dormant
subsidiaries, namely Saluran Teguh Sdn Bhd (“STSB”) and GR Commerce
Sdn Bhd (“GRC”), are being wound-up pursuant to Section 254(1)(b) of
the Companies Act, 1965.
STSB is a
60%-owned subsidiary of Imbangan Pintar Sdn Bhd, which in turn is a
wholly-owned subsidiary of Road Builder (M) Sdn Bhd (“RBM”). RBM is
a wholly-owned subsidiary of IJM Construction Sdn Bhd, a
wholly-owned subsidiary of the Company. STSB was incorporated in
Malaysia on 11 November 1999. The cost of investment in STSB is
RM60.
GRC, a
wholly-owned subsidiary of the Company, was incorporated in Malaysia
on 16 December 1988. The cost of investment in GRC is about RM8.9
million.
Three other
dormant associates, namely Deltabumi Sdn Bhd (a 40% associate),
Nekadsatu Jaya Sdn Bhd (a 50% associate) and JWS Projects Sdn Bhd (a
50% associate), are also being wound-up pursuant to Section
254(1)(b) of the Companies Act, 1965.
The voluntary
winding-up of these companies will not have any significant
financial and operational impact on the Group for the financial year
ending 31 March 2009.
None of the
Directors or major shareholders of the Company, or persons connected
with them, has any interest, direct or indirect, in the winding-up
of these companies and no approval of shareholders is required. |
