Hello everyone..
Just newly joined the market.
Currently holding at 0.276. Hope it will rise asap.

Contents : Members' Voluntary Winding-Up of Wholly-Owned Subsidiaries of SAAG


Announcement Details :

Pursuant to Paragraph 9.19(20) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Company wishes to inform that a liquidator has been appointed for the following wholly-owned subsidiaries for the purpose of members' voluntary winding-up pursuant to Section 254(1)(b) of the Companies Act, 1965. Mr. Ng Chee Hoong of Suite 9.02, 9th Floor, MCB Plaza, No. 6, Changkat Raja Chulan 50200 Kuala Lumpur is the appointed Liquidator for the members’ voluntary winding-up.

Information on wholly-owned subsidiaries


Rationale for the Winding-Up

The above subsidiaries have remained dormant and there is no intention to reactivate the operations of these companies.

Effects of the Winding-Up

The winding-up of the above subsidiaries have no material financial and operational impact on the Group.

This announcement is dated 14 September 2009.


Not really understand it.

This post has been edited by soohoe84: Sep 15 2009, 11:37 AM

Finally it started to move upwards