Construction Supplies & Fixtures

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Kim Hin Industry Bhd updates on application for voluntary deregistration of subsidiary companies

Wednesday, 13 Aug 2014 08:00pm EDT

Kim Hin Industry Bhd:Says it has received a letter from Australian Securities & Investments Commission, that the application of voluntary deregistration of subsidiary companies, Kimgres Holdings Pty Limited and Kimgres Ceramic Pty Ltd, have been approved.

Osram Licht AG decides on additional transformation measures; plans to cut around 1,700 domestic positions and around 6,100 international positions in 2015 - 2017; confirms FY 2014 outlook

Tuesday, 29 Jul 2014 01:56pm EDT

Osram Licht AG:Says Managing Board of OSRAM Licht AG decided at its meeting on additional transformation measures to further improve competitiveness of its operating units.Says intended restructuring measures are to be implemented upon conclusion of consultations with employee representatives.Says these mainly include manufacturing activities for traditional products in general illumination, sales, administration as well as other indirect functions.Says this means that around 1,700 domestic positions and around 6,100 international positions are planned to be cut in fiscal years 2015 through 2017.Says in total, measures decided would lead to permanent cost reductions of about 260 million euros until end of fiscal year 2017.Says gross costs are expected to amount to about 450 million euros in same period.Confirms outlook for FY 2014 that was updated at end of May.Confirms target to reach average reported EBITA margin of more than eight pct over cycle from fiscal year 2015 onwards.Says depending on implementation speed of measures and restructuring costs' effect on earnings, reported EBITA margin could be below this average value in FY 2015.

Sanwa Co Ltd announces temporary business cessation of subsidiary

Monday, 14 Jul 2014 02:00am EDT

Sanwa Co Ltd:Decided temporary business cessation of wholly owned Singapore-based subsidiary SANWA COMPANY HUB PTE.LTD., engaged in catalog operation of building materials.

Asahi Glass Co Ltd subsidiary AGC Glass Europe to close factory

Thursday, 26 Jun 2014 10:30pm EDT

Asahi Glass Co Ltd:Subsidiary AGC Glass Europe decided to stop a solar cell cover glass production and close factory in Europe, on June 27.

Tai Sin Electric Ltd announces member's voluntary liquidation of Equalight Resources Sdn. Bhd. Group

Monday, 9 Jun 2014 05:14am EDT

Tai Sin Electric Ltd:On June 6 the following non-active Malaysian corporations of Tai Sin Group were placed under members’ voluntary liquidation that is Equalight Resources Sdn. Bhd. (Equalight) wholly-owned subsidiary of Tai Sin; and LKH Lamps Sdn. Bhd. (LKH Lamps), wholly-owned subsidiary of Equalight.The voluntary liquidation of Equalight and LKH Lamps is not expected to have any material impact on the net tangible assets or earnings per share of the Tai Sin Group for the financial year ending June 30.

Birch and Prestige Investment Group Ltd to cease operation of its Australian subsidiary

Thursday, 5 Jun 2014 01:30am EDT

Birch and Prestige Investment Group Ltd:Says reviewing the performance of B&P Design last year, board is of the opinion that it should cease operation of its Australian subsidiary by the end of the year.Selling the Australian kitchen and bathroom cabinet business operation will reduce excessive overhead costs and allow reallocation of resources to more profitable projects.

Dynasty Ceramic announces entire business transfer of units

Sunday, 1 Jun 2014 09:53pm EDT

Dynasty Ceramic PCL:Has conducted entire business transfer of its units, consisting of Muangthong Ceramic Co Ltd, Worldwide Ceramic Co Ltd, and Pick & Pay Co Ltd.Which all are company’s units with a holding of more than 90 pct of the stock.The three units will proceed with the registration of liquidation with Department of Business Development Ministry of Commerce.

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