Industrial Conglomerates

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Sime Darby Bhd announces members voluntary liquidation of Pesida Equipment Sdn Bhd

Monday, 7 Jul 2014 08:00pm EDT

Sime Darby Bhd:Says Pesida Equipment Sdn Bhd (PESB), indirect wholly-owned subsidiary of Sime Darby, has held an Extraordinary General Meeting at which it was resolved that PESB be wound-up voluntarily and that Chua Siew Chuan and Chin Mun Yee be appointed as the Joint Liquidators of PESB.

Looser Holding AG invests up to 13.5 million Swiss francs in coatings division; expects reduction in Feyco workforce over two years to come

Thursday, 19 Jun 2014 01:10am EDT

Looser Holding AG:Investing up to 13.5 million Swiss francs in coatings division.Says to transfer the Feyco production capacities to Bendern and carry out conversion work in Urdorf.Says St. Margrethen and Urdorf is to be merged at Schekolin location in Bendern within the next two years.Says activities such as application technology and sample service, now offered at Hinwil and Gueml Igen, to be transferred to Urdorf.Says reduction in Feyco workforce is to be expected over two years to come, up to 30 jobs could be affected.

Mytilineos Holdings SA absorbs wholly-owned subsidiary

Monday, 2 Jun 2014 08:00pm EDT

Mytilineos Holdings SA:Announces that the company's board, pursuant to a relevant resolution adopted on May 29, resolved to initiate the procedure for the merger by absorption of its wholly-owned subsidiary Thoriki – Production and Trade of Metals Industrial SA with the company.The aforementioned resolution also set May 31 as the transformation balance sheet date and appointed the independent auditors to assess the book value of the absorbed company's assets.


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