News

The Board of Directors of APMAH (“Board”) wishes to announce that APM Tinnos Sdn. Bhd. (“APMTN”), a 60%-owned subsidiary of APMAH, has on 17 July 2020 obtained its shareholders’ approval to wind-up the company by way of members’ voluntary winding-up pursuant to Section 439(1)(b) of the Companies Act, 2016 (“Winding-Up”). Dato’ Narendrakumar A/L Chunilal Rugnath of Grant Thornton Consulting Sdn. Bhd. of Level 8-3, Sheraton Imperial Court, Jalan Sultan Ismail, 50250 Kuala Lumpur, Malaysia has been appointed as the Liquidator of APMTN.

APMTN was incorporated in Malaysia on 12 October 2015 with the total issued share capital of RM2,000,000 comprising 2,000,000 ordinary shares. APMTN has been dormant since its incorporation and has no future plans to activate the company.

The Winding-Up will not have any material financial or operational effects on APMAH Group for the financial year ending 31 December 2020.

None of the Directors and/or major shareholders of APMAH or persons connected with them have any direct or indirect interest in the Winding-Up.

This announcement is dated 17 July 2020.