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Members' Voluntary Winding-Up Exercise Of Aseania Plastics Sdn Bhd

14 July 2005

Type

 Announcement
Subject MEMBERS’ VOLUNTARY WINDING-UP EXERCISE OF ASEANIA PLASTICS SDN BHD

Contents :

The Board of Directors of Telekom Malaysia Berhad (“TM”) wishes to announce that its subsidiary held via Celcom (Malaysia) Berhad namely, Aseania Plastics Sdn Bhd (Company No. 185085-H) (“Aseania”), had commenced members' voluntary winding-up on 14 July 2005 (the "Winding-up") pursuant to Section 254(1)(b) of the Companies Act, 1965. Pursuant thereto, Encik Mohd Afrizan bin Husain and Encik Khairul Azahar bin Ariffin of Messrs Afrizan Tarmili Khairul Azhar, 10th Floor Bangunan Yayasan Selangor, 74 Jalan Raja Muda Abdul Aziz, 50300 Kuala Lumpur were appointed as the Liquidators for Aseania on the same day.


The winding up of Aseania is expected to be completed by end of October 2006 or about 18 months from the date of appointment of the Liquidators.

Information on Aseania

Aseania was incorporated in Malaysia on 4 August 1989. Its present authorised and issued and paid-up capital are RM500,000 comprising 500,000 ordinary shares of RM1.00 each and RM300,000 comprising 300,000 ordinary shares of RM1.00 each respectively. The principal activity of the Company was the manufacturing of injection moulding parts. The Company has ceased its operations with effect from 1 November 1992.

Rationale for the Winding-up

The Winding-up exercise of this company is part of the rationalisation and streamlining exercise of the TM Group.

Financial Effects of the Winding-up

The Winding-up of Aseania 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.

Directors' Opinion on the Winding-up

On behalf of the Board of Directors of TM, TM's Group Chief Executive Officer confirmed that the Winding-up is in the best interest of TM.

Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 14 Jul 2005
Category General Announcement
Reference No TM-050714-52838