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Keppel Corporation Ltd announces voluntary liquidation of dormant subsidiary


Monday, 19 May 2014 10:47am EDT 

Keppel Corporation Ltd:Says indirect wholly-owned subsidiary, Keppel Seghers Iberica S.A. (KSI) was placed under members’ voluntary liquidation and voluntary liquidation was completed on May 14, 2014, following registration with relevant authorities.Upon registration, liquidation takes effect retrospectively from Dec. 12, 2013.KSI was subsidiary of Keppel Seghers Belgium NV (KSBE) since 2002 and was marketing arm of KSBE for Iberian region.Going forward, marketing activities will be integrated into KSBE.With this consolidation of marketing activities, decision was made to proceed with members’ voluntary liquidation of KSI.Following completion of voluntary liquidation, KSI is no longer subsidiary of Company.