Rich Capital Holdings Limited Announces Striking-Off of Dormant Subsidiary Summit Light Ventures Ltd

Key Points from the Announcement

• Striking-Off of Subsidiary: Rich Capital Holdings Limited (“Rich Capital” or the “Company”) has announced that Summit Light Ventures Ltd (“SLV”), a wholly-owned dormant subsidiary incorporated in the British Virgin Islands (BVI), was officially struck off from the BVI Register of Companies effective 3 November 2025.
• Notification Date: The Company received notification from the BVI Company Secretary regarding the strike-off on 19 November 2025.
• Nature of SLV: Summit Light Ventures Ltd is confirmed to be a dormant entity, meaning it had no active business operations, assets, or liabilities at the time of its removal from the BVI Register.

Impact on Investors and Shareholders

• Financial Impact: The strike-off of SLV is not expected to have any material impact on the Group’s earnings per share (EPS) or net tangible assets (NTA) per share for the financial year ending 31 March 2026. This means the removal of SLV should not affect the valuation metrics or profitability of the Group.
• Shareholder Interests: None of the Directors or controlling shareholders (nor their respective associates) have any direct or indirect interest in the strike-off, except for their holdings in Rich Capital itself.
• Price Sensitivity: As SLV was a dormant subsidiary with no business operations, the event is unlikely to be price-sensitive or have any substantial effect on Rich Capital’s share price. There are no operational changes, loss of assets, or liabilities arising from this action.

Additional Details

• Regulatory Review: The announcement has been reviewed by the Company’s sponsor, SAC Capital Private Limited, but has not been examined or approved by the Singapore Exchange Securities Trading Limited (SGX-ST).
• Contact Information: Investors or analysts seeking further clarification can contact Ms Tay Sim Yee of SAC Capital, located at 1 Robinson Road, #21-01 AIA Tower, Singapore 048542.
• Board Statement: The announcement was made by Oh Siyang, Executive Director of Rich Capital Holdings Limited.

Conclusion

The striking-off of Summit Light Ventures Ltd is a routine administrative exercise to streamline Rich Capital Holdings Limited’s corporate structure by removing inactive and dormant entities. There is no financial or operational impact, and no new risks or opportunities for shareholders arising from this announcement. Investors are unlikely to see any change in share value as a result of this action.

Disclaimer: This article is based on a public company announcement and does not constitute investment advice. Investors should conduct their own research or consult with their financial advisors before making investment decisions. The information presented is subject to change and should not be relied upon as the sole basis for investment or trading decisions.

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