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Ballast Nedam announces Omnia Plaatvloer closure and related layoffs

Friday, 11 Apr 2014 02:18am EDT

Ballast Nedam NV:Decides to close Omnia Plaatvloer B.V. in Coevorden.Closure prompted by persistent losses and lack of future prospects.Situation attributable to fall in construction volume and substantial production overcapacity in market for prefabricated concrete floors.Omnia produces and supplies wide panel flooring for residential and nonresidential buildings.Closure to involve loss of 67 jobs, including 7 employees of wholly owned subsidiary JK Engineering B.V., working exclusively for Omnia Plaatvloer B.V. on technical design of floor constructions and consultancy.Production to cease in mid June.Omnia orders portfolio transfered to Betonson, part of Van Nieuwpoort Groep and supplier on market for prefabricated concrete floors.

Bina Puri Holdings Bhd announces cessation of Bina Puri Vietnam Co. Ltd. as subsidiary

Monday, 7 Apr 2014 08:00pm EDT

Bina Puri Holdings Bhd:Says Bina Puri Vietnam Co. Ltd., a company incorporated in Vietnam and wholly-owned by Bina Puri Construction Sdn. Bhd. (BPCSB), which in turn is a wholly-owned subsidiary of Bina Puri Holdings Bhd. has ceased to be a wholly-owned subsidiary of BPCSB on Feb. 8.

United Engineers dissolves dormant indirect subsidiary

Tuesday, 1 Apr 2014 05:13am EDT

United Engineers Ltd:Dissolves its dormant indirect subsidiary NCD Wearnes (Malaysia) Sdn. Bhd, incorporated in Malaysia.

United Engineers Ltd announces dissolution of dormant indirect subsidiary company

Wednesday, 19 Mar 2014 05:26am EDT

United Engineers Ltd:Says Sunique Company Limited, its dormant indirect subsidiary incorporated in Hong Kong, which had been placed under members’ voluntary winding up, has been dissolved.

Tae Young Engineering & Construction Co Ltd to divest golf course and condo operation business into new subsidiary

Friday, 21 Feb 2014 02:55am EST

Tae Young Engineering & Construction Co Ltd:To divest its golf course, condo, and water Park operation business into a new wholly owned subsidiary, to improve operating efficency.Says division effective date of July 1 and registration date of July 4.

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