ISDN Holdings (01656.HK): Indirect Wholly-Owned Subsidiary PT Leaptron Engineering Completes Voluntary Liquidation
NewTimeSpace News: ISDN Holdings Limited (Hong Kong stock code: 1656) issued an overseas regulatory announcement on July 22, disclosing the voluntary liquidation of PT Leaptron Engineering.
The Board hereby announces that its indirect wholly-owned subsidiary, PT Leaptron Engineering, a company incorporated under Indonesian law, has completed members' voluntary liquidation under Indonesian law on July 16, 2026 (the "Liquidation").
PT Leaptron Engineering was established in 2013, originally intended to support the potential development of ISDN's Leaptron professional automation distribution business in expanding into the Indonesian market. Subsequently, after prudent assessment, the Group decided not to further expand into the Indonesian market and to concentrate resources on Leaptron's development opportunities in other regions. Since its establishment, the company has remained inactive. Upon completion of the members' voluntary liquidation of PT Leaptron Engineering, it will help remove inactive entities under the Group and further streamline the Group's corporate structure.
The Company expects that the voluntary liquidation of PT Leaptron Engineering will not have a material impact on the Company's net tangible assets per share and earnings per share for the financial year ending December 31, 2026.
Apart from through their respective equity interests in the company (if any), the Company's directors and substantial shareholders have no direct or indirect interest in the liquidation.
NewTimeSpace Disclaimer: All content herein is the original work of NewTimeSpace. Any reproduction, reprinting, or use of this content in any other manner must clearly indicate the source as "NewTimeSpace". NewTimeSpace and its authorized third-party information providers strive to ensure the accuracy and reliability of the data, but do not guarantee the absolute correctness thereof. This content is for reference only and does not constitute any investment advice. All transaction risks shall be borne by the user.
- Chinaamc CSI 300 Index ETF(03188.HK) Rises 2.26% Intraday with AUM of HK$18.18 Billion
- Chinaamc CSI 300 Index ETF (03188.HK) Rose 2.29% in Afternoon Trade, AUM at HKD 18.18 Billion
- Chinaamc CSI 300 Index ETF (03188.HK) Rose 1.76% in Morning Trade, AUM at HKD 17.913 Billion
- Chinaamc CSI 300 Index ETF (03188.HK) Fell 2.01% Intraday, AUM at HKD 18.988 Billion
- Chinaamc CSI 300 Index ETF (03188.HK) Rises 1.06% in Morning Trade, AUM at HKD 18.922 Billion
