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KUALA LUMPUR (Feb 2): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned dormant subsidiary Stanley Leisure (Ireland) Unlimited Company (SLIUC), which was incorporated in Ireland, was placed under members' voluntary liquidation last Wednesday (Jan 27) pursuant to the provisions of the Companies Act 2014 of Ireland.
A members' voluntary liquidation of a company is a process initiated by shareholders to close down a solvent firm.
"The members' voluntary liquidation of SLIUC will not have any material impact on net assets and earnings per share (EPS) of the Genting Malaysia group for the financial year ending Dec 31, 2021 (FY21),” GenM said in a Bursa Malaysia filing today.
GenM did not specify the reasons behind the liquidation of SLIUC.
At 3.20pm today, GenM’s share price had risen one sen or 0.41% to RM2.47, giving the company a market capitalisation of about RM13.96 billion.
GenM’s total number of issued shares stood at 5.65 billion.
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