Winding Up / Receiver & Manager / Restraining Order / Special Administrator

Back Dec 17, 2013
Type Announcement
Description Maxis Berhad
Members’ Voluntary Winding Up of Subsidiary
Maxis Berhad (“Maxis”) wishes to announce that at the Extraordinary General Meeting (“EGM”) held on 17 December 2013 of Maxis Asia Access Pte Ltd (“MAA”), incorporated in Singapore, a wholly-owned subsidiary of Maxis International Sdn Bhd, which in turn is a wholly-owned subsidiary of Maxis, it was resolved that MAA be wound up voluntarily.
MAA was incorporated on 4 March 2000 with an issued and paid-up share capital of S$838,526. The principal activity of MAA was to be a provider of international telecommunications services. MAA had ceased operations and is currently dormant. The winding up of MAA which is no longer required, will enable Maxis to avoid incurring future administrative costs of maintaining MAA.

The Board of Maxis had resolved to proceed with the winding-up of MAA. The Shareholder of MAA had then at the EGM held on 17 December 2013 approved the winding-up of MAA and the appointment of Mr. George Tan Hian Yew of 80 Robinson Road, #02-00 Singapore 068898, with immediate effect, as the liquidator for MAA (“Liquidator”) in respect of the winding up pursuant to Section 290(1)(b) of Singapore Companies Act (Cap. 50). The Liquidator shall have and may exercise the functions and powers of a liquidator pursuant to the Singapore Companies Act, Cap. 50.

The winding up of MAA is not expected to have any material impact or effect on the business operations, earnings and net tangible assets of Maxis Berhad and its Group for the financial year ending 31 December 2013.

This announcement is dated 17 December 2013.


Announcement Info

Company Name MAXIS BERHAD  
Stock Name MAXIS    
Date Announced 17 Dec 2013  
Category General Announcement
Reference No MM-131213-59939