Master-Pack Group Bhd Announces Voluntary Dissolution Of Indirect Wholly-Owned Subsidiary; Declares Interim Dividend

Master-Pack Group Bhd announced that Master-Pack Sdn Bhd, its wholly-owned subsidiary has, on May 31, 2013 decided to voluntarily dissolve its wholly-owned subsidiary, Master-Pack Vietnam Company Limited (MP Vietnam). MP Vietnam was incorporated in on August 29, 2011 with a charter capital of USD 300,000.00 only. MP Vietnam was set-up to develop and expand the Group’s packaging business in Vietnam. The intended principal activities of MP Vietnam were trading and manufacturing of packaging products. Currently, MP Vietnam is dormant. MP Vietnam is not a major subsidiary of Master as defined in Bursa Malaysia Securities Berhad. The Liquidation is not subject to shareholders’ approval but subject to the approval of the regulatory in Vietnam. The Company also announced that an interim dividend of 1% less income tax of 25% for the financial year ending December 31, 2013 amounting to MYR372,151.12 is payable on June 26, 2013.