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Chemical Company of Malaysia Berhad Announces Voluntary Winding-Up Of CCM Chemtrans Sdn Bhd And CCM Chemtrade Sdn Bhd

Wednesday, 27 Mar 2013 05:29am EDT 

Chemical Company of Malaysia Berhad announced that following subsidiaries of CCM Chemicals Sdn Bhd, which is 80% owned by CCM, will be wound-up by way of Members’ Voluntary Winding-Up pursuant to Section 254(1)(b) of the Companies Act, 1965 CCM Chemtrans Sdn. Bhd (Chemtrans) and CCM Chemtrade Sdn. Bhd (Chemtrade). The subsidiaries have been dormant since incorporation and are not major subsidiaries of CCM. The Voluntary Winding-Up is part of CCM’s continuing rationalisation and streamlining exercise of business. In addition, the Voluntary Winding-Up will enable CCM to save future administrative costs associated with maintaining these subsidiaries. 

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