| Type | Announcement |
| Subject | OTHERS |
| Description | Members' Voluntary Liquidation of Ong Nominees Private Limited |
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Malayan Banking Berhad ("Maybank") wishes to announce that one of its indirect wholly owned subsidiaries, Ong Nominees Private Limited ("Ong Nominees"), which had been placed under members' voluntary liquidation on 9 June 2011, held its final meeting on 23 September 2013.
Ong Nominees is wholly owned by Ong & Company Private Limited which in turn is a 100% owned subsidary of Ong Asia Limited. Ong Asia Limited is wholly owned by Rezan Pte Ltd which in turn is a wholly owned subsidiary of Maybank Kim Eng Holdings Limited (“MKEH”). The ultimate holding company of the abovementioned entities is Maybank.
Ong Nominees was in the business of nominee services and has been dormant since 2011. The liquidation of Ong Nominees was part of the corporate rationalization exercise at MKEH to unlock value in its dormant subsidiaries.
The dissolution of Ong Nominees will not have any material effect on the earnings or assets of Maybank Group for the year ending 31 December 2013.
None of the directors or substantial shareholders of Maybank or persons connected to them has any interest in the voluntary liquidation.
On the expiration of 3 months from the date of the final meeting, Ong Nominees shall be dissolved.
This announcement is dated 23 September 2013.
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| Company Name | MALAYAN BANKING BERHAD |
| Stock Name | MAYBANK |
| Date Announced | 23 Sept 2013 |
| Category | General Announcement |
| Reference No | MB-130923-55315 |