WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Company Name RHB BANK BERHAD
Stock Name RHBBANK
Date Announced 20 May 2022
Category General Announcement for PLC
Reference Number GA1-20052022-00016

Type Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR
Description
Winding Up Of The Wholly-Owned Subsidiary Of RHB Bank Berhad ("RHB Bank")

Further to the announcement made on 13 October 2021, RHB Bank wishes to announce that Summit Nominees Pte Ltd ("SNPL"), a wholly-owned subsidiary of RHB Bank, will be dissolved on 21 May 2022 pursuant to Section 180(3)(b) of the Insolvency, Restructuring and Dissolution Act 2018 (No. 40 of 2018). Arising therefrom, SNPL is no longer a wholly-owned subsidiary of RHB Bank.

 

The dissolution of SNPL will not have any material effect on the earnings and net assets of RHB Bank for the financial year ending 31 December 2022.

 

This announcement is dated 20 May 2022.






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