CapitaLand, Southeast Asia’s largest property group, announced that it has removed its dormant wholly-owned subsidiary, CapitaLand Integrated Resorts (CIR) from the Register of Companies.
In a release, CapitaLand Limited noted that the CapitaLand Integrated Resorts Pte. Ltd., has applied to the Registrar of Companies to be struck off for being dormant.
Consequently, the Registrar of Companies has bestowed its approval for CIR to be struck off from the list, pursuant to Section 344(4) of the Companies Act, Cap. 50. The decision has taken effect from 5 June 2012.
“The striking-off of CIR is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year
ending 31 December 2012.”
“None of the Directors or the controlling shareholder of CapitaLand has any interest, direct or indirect, in the striking-off of CIR,” it added.
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