GS Holdings Limited Completes Strike-Off of Wholly-Owned PRC Subsidiary

Key Highlights

• GS Holdings Limited has completed the strike-off of its direct wholly-owned subsidiary, PMAS International Trading (Hainan) Co., Ltd., which is incorporated in the People’s Republic of China.
• The announcement follows previous updates released by the company on 22 November 2024 and 23 June 2025, referencing the intention to strike off dormant direct and indirect subsidiaries.
• The completion of this strike-off is part of the company’s ongoing corporate rationalisation and streamlining of its group structure.
• This development was formally announced by Loo Hee Guan, Executive Director of GS Holdings Limited, on 2 December 2025.

Details for Shareholders

• The subsidiary, PMAS International Trading (Hainan) Co., Ltd., was categorised as dormant prior to this action. The strike-off is not expected to have any material adverse impact on the net tangible assets or earnings per share of GS Holdings Limited for the current financial year.
• No details were provided about any financial settlements, remaining obligations, or potential liabilities arising from the strike-off, suggesting that the process was straightforward and in line with prior disclosures.
• The rationalisation of dormant subsidiaries is generally viewed as a positive corporate governance move, potentially reducing administrative overheads and clarifying the group’s business structure.
• There is no indication in the report of any significant negative or positive financial impact as a direct result of this strike-off. As such, the action is unlikely to be price-sensitive or to materially affect the company’s share value at this stage.

Additional Information

• The announcement has been reviewed by Evolve Capital Advisory Private Limited, the company’s sponsor, though it has not been examined or approved by the Singapore Exchange (SGX).
• The designated contact person at Evolve Capital Advisory is Mr. Jerry Chua, reachable at (65) 6241 6626 and located at 160 Robinson Road, #20-01/02, SBF Center, Singapore 068914.

Potential Impact on Share Price

Based on the information provided, the strike-off of this dormant subsidiary is part of routine corporate housekeeping and is not expected to have a material financial impact on GS Holdings Limited. There are no new strategic business developments, financial windfalls, or liabilities disclosed as a result of this action. As such, shareholders should not expect significant movement in the company’s share price directly attributable to this announcement.

Disclaimer: This article is prepared solely for informational purposes and does not constitute investment advice. Investors should review official company announcements and consult with their financial advisers before making any investment decisions. The article reflects information contained in GS Holdings Limited’s public disclosures as of 2 December 2025.