Ground Envirotech Pte Ltd ("GEPL") is being wound-up by way
of members' voluntary winding-up pursuant to Section
290(1)(b) of the Singapore Companies Act, Cap. 50. The
liquidation of GEPL is part of the corporate structure
streamlining exercise of the Group.
GEPL is a wholly-owned subsidiary of IJM Construction Sdn
Bhd, which in turn is a wholly-owned subsidiary of the
Company. GEPL was incorporated in Singapore on 16 February
2000. The cost of investment in GEPL is RM10,372,370.
The voluntary winding-up of GEPL will not have any
significant financial and operational impact on the Group
for the financial year ending 31 March 2013, and no
material loss is expected arising from the winding-up
None of the Directors or major shareholders of the Company,
or persons connected with them, has any interest, direct or
indirect, in the winding-up of GEPL and no approval of
shareholders is required.