Hwang-DBS (Malaysia) Berhad Announces Member's Voluntary Winding-Up Of Wholly-Owned Subsidiaries

Hwang-DBS (Malaysia) Berhad announced that HwangDBS Custodian Services Sdn Bhd (HCS), HDM Management Services Sdn Bhd (HMS) and HDM Research & Publication Sdn Bhd (R&P), subsidiaries of the Company, had on January 31, 2013 in their respective Extraordinary General Meeting passed a resolution to commence member's voluntary winding-up (MVW) pursuant to Section 254(1)(b) of the Companies Act, 1965. In connection with the above, Mr. Tan Phaik Guan of Tan Phaik Guan & Associates Sdn Bhd of Suite 13.04, Level 13, MWE Plaza, No. 8 Lebuh Farquhar, 10200 Penang has been appointed as liquidator of each of the subsidiaries for the purpose of the MVW.