| Type | Announcement |
| Subject | WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR |
| Description | Members' Voluntary Winding-Up of 2 Wholly-Owned Subsidiaries and Associate Company |
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The Board of Directors ("Board") of KKB Engineering Berhad (“KKB”) wishes to announce that its two (2) wholly-owned subsidiaries, namely KKB Halmac Services Sdn Bhd (“KKBHS”) and KKB Marketing (S) Sdn Bhd ("KKBM”) and its associate company, namely Kiara Teknologi Sdn Bhd (“KTSB”) have on 22 October 2012 commenced members’ voluntary winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965 (“Winding-up”). Mr Wee Hun Been of C.B.S. Business Services Sdn Bhd has been appointed as the Liquidator for these three (3) companies on the same day. Information on KKBHS KKBHS was incorporated in Malaysia on 20 August 1997. Its present issued and fully paid-up share capital is RM100,000 comprising 100,000 ordinary shares of RM1.00 each, held by KKB. The principal activities of KKBHS were carrying on the trade or business as contractors for mechanical and electrical engineering works. KKBHS ceased its operation in year 2001. Information on KKBM KKBM was incorporated in Malaysia on 5 December 1995. Its present issued and fully paid-up share capital is RM2.00 comprising 2 ordinary shares of RM1.00 each, held by KKB. The principal activity of KKBM was carrying on the trade of uPVC roofing sheets and pipes and other related products. KKBM ceased its operation in year 2006. Information on KTSB KTSB was incorporated in Malaysia on 30 November 2009. Its present issued and fully paid-up share capital is RM250,000.00 comprising 250,000 ordinary shares of RM1.00 each and is 40% held by Edisi Optima Sdn Bhd which is an associate company of KKB. The principal activity of KTSB was requalification and reconditioning of LPG cylinders. KTSB ceased its operation in year 2011. Rationale for the Winding-Up The winding-up of KKBHS, KKBM and KTSB are parts of the rationalisation and streamlining exercise of KKB Group of Companies. Financial or Operational Impact of the Winding-Up The winding-up of KKBHS, KKBM and KTSB will not have any financial or operational impact on KKB Group of Companies. Directors’ and Major Shareholders’ Interest None of the Directors and/or major shareholders of KKB and/or persons connected with them have any interest, direct and indirect, in the winding-up. This announcement is dated 22 October 2012. |
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| Company Name | KKB ENGINEERING BERHAD |
| Stock Name | KKB |
| Date Announced | 22 Oct 2012 |
| Category | General Announcement |
| Reference No | CC-121022-7DFB3 |
