2/5/25, 6:55 PM | General Announcement::VOLUNTARY LIQUIDATION OF WHOLLY-OWNED SUBSIDIARY |
GENERAL ANNOUNCEMENT::VOLUNTARY LIQUIDATION OF WHOLLY-OWNED SUBSIDIARY
Issuer & Securities
Issuer/ Manager
SUNRIGHT LIMITED
Securities
SUNRIGHT LTD - SG1B17008288 - S71
Stapled Security
No
Announcement Details
Announcement Title
General Announcement
Date &Time of Broadcast
05-Feb-2025 18:53:56
Status
New
Announcement Sub Title
VOLUNTARY LIQUIDATION OF WHOLLY-OWNED SUBSIDIARY
Announcement Reference
SG250205OTHR5QQ0
Submitted By (Co./ Ind. Name)
Christina Foong
Designation
Company Secretarial Executive
Effective Date and Time of the event
05/02/2025 18:53:00
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.
Attachments
Sunright_Annt_Voluntary_Liquidation_of_Wholly-owned_Subsi_20250205.pdf
Total size =101K MB
https://links.sgx.com/1.0.0/corporate-announcements/RG13UEN45I277C0X/516fc431a9ce8b35e4fcad70878f45bb22f5ee81fafd97fdbb75538f86b… 1/1
SUNRIGHT LIMITED
(Co. Reg. No.: 197800523M)
1093 Lower Delta Road, #02-01/08
Singapore 169204
Tel: (65) 62725842 Fax: (65) 62768426
ANNOUNCEMENT
VOLUNTARY LIQUIDATION OF
WHOLLY-OWNED SUBSIDIARY
KEST SYSTEMS AND SERVICE LTD.
The Board of Directors of Sunright Limited (the "Company") wishes to announce that KEST Systems and Service Ltd. ("KEST"), the Company's wholly-owned subsidiary incorporated in the Republic of China, was dissolved on 5 February 2025. KEST will be placed under members' voluntary liquidation and Ms Chung Yun Tsen has been appointed as the liquidator for the voluntary liquidation.
The liquidation of KEST is part of the Group's strategic initiative to streamline its product offerings and enhance overall operational effectiveness.
The voluntary liquidation of KEST is not expected to have any material impact on the net tangible assets or earnings per share of the Group for financial year ending 31 July 2025.
By Order of the Board
Adeline Lim Kim Swan
Company Secretary
5 February 2025
HARNESSING TECHNOLOGY • DELIVERING EXCELLENCE • ENHANCING QUALITY LIFE