Telekom Malaysia Berhad (“TM”) wishes to announce that its wholly-owned subsidiary, TM Orion Sdn Bhd (Company No. 439862-M) (“TM Orion”), has commenced members' voluntary winding-up on 30 December 2005 (the "Winding-up") pursuant to Section 254(1)(b) of the Companies Act, 1965. Pursuant thereto, Encik Abu Bakar Rajudin of Messrs. Abu Bakar Rajudin Associates Sdn Bhd, Suite C, Resorts Business Suites, 18-2, Jalan Kampung Attap, 50460 Kuala Lumpur was appointed as the Liquidator.Information on TM Orion
TM Orion was incorporated in Malaysia on 27 July 1997. Its authorised capital is RM100,000 comprising 100,000 ordinary shares of RM1.00 each, out of which 2.00 ordinary shares of RM1.00 each was fully paid-up. TM Orion was dormant since its incorporation.
Rationale for the Winding-up
The Winding-up exercise of TM Orion is part of the rationalisation and streamlining exercise of TM Group.
Financial Effects of the Winding-up
The Winding-up of TM Orion will not have any material effect on TM Group.
Directors' and Substantial Shareholders' Interest
None of the Directors and Substantial Shareholders of TM or persons connected with them has any interest, direct or indirect, in the Winding-up of TM Orion.
Directors' Opinion on the Winding-upThe Directors of TM are of the opinion that the Winding-up is in the best interest of TM.