[Ernesto]

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CapitaLand Investment’s unit placed under members’ voluntary liquidation

Yong Hui Ting
Published Wed, Oct 25, 2023 · 6:39 pm

The liquidation event is not expected to have any material impact on the net tangible assets or earnings per share of the CLI group for the financial year ending Dec 31. PHOTO: BT FILE
CapitaLand Investment

CAPITALAND Investment (CLI) said on Wednesday (Oct 25) that its wholly owned subsidiary, Ascendas Hospitality Fund Management, has been placed under members’ voluntary liquidation.

The liquidation event is not expected to have any material impact on the net tangible assets or earnings per share of the CLI group for the financial year ending Dec 31, it added.

None of its directors or the controlling shareholder of CLI has any interest in the liquidation of the subsidiary, which has ceased its business and has been dormant, said CLI.

A members’ voluntary winding up occurs when its shareholders pass a resolution or agree to liquidate a company. It is adopted when the company is able to pay its debts in full within 12 months after the commencement of winding up.

Units in CLI closed down 1.6 per cent, or S$0.05, at S$3.01 on Wednesday before the announcement.

[Scythian]

.
Voluntary liquidation = Harakiri 

[singaporean1964]

i think capital land invest in china mall
which many became ghost mall

[Ernesto]

Wonder how to justify the directors are worthy still holding other's title related to the company?
Where is the accountability?
No wonder the authority keep increasing the cost of living.

[hansamu]

Chance to invest cheap.
Lol

[talky]

from feb2023 this stock is down till today forming a double bottom 
but still weak more down akan datang

dont be a hero

[talky]

remember hero dies 1st

[sgh]

remember hero dies 1st

Remind me of Iron Maiden song. Only the good die young, all the evil seems to live forever.