Key Points from the Announcement
- Striking-Off of UWS: UWS, an indirect wholly-owned subsidiary of Haw Par Corporation Limited, has been removed from the Register of Companies. This formal strike-off marks the end of UWS as a legal entity under the group’s corporate structure.
- Regulatory Approval: The strike-off was confirmed by ACRA and was initiated through UWS’s own application process, ensuring compliance with local regulations.
- Financial Impact: The Company has stated that the removal of UWS is not expected to have any material impact on its earnings per share (EPS) or net asset value (NAV) per share for the financial year ending 31 December 2025.
- Corporate Secretary Statement: The announcement was officially issued by Chiew Kun Long, Alvin, the Company Secretary, on 31 December 2025.
What Shareholders Need to Know
- No Material Financial Impact: The Company has emphasized that the striking-off of UWS will not affect Haw Par’s EPS or NAV per share. This suggests that UWS was likely not a significant contributor to the Group’s overall financial performance or balance sheet.
- Potential Share Price Sensitivity: As the announcement clarifies that there is no material impact on financial performance, it is unlikely to be a price-sensitive event or to cause any significant movement in the Company’s share price.
- Business Streamlining: The removal of UWS from the group’s structure may reflect ongoing efforts to streamline operations and focus on core business areas. However, the lack of financial impact indicates no major strategic shift or asset disposal.
Further Details
Underwater World Singapore Pte Ltd was formerly part of Haw Par Corporation’s portfolio of subsidiaries. The decision to strike off the company appears to be an administrative and regulatory matter rather than a strategic divestment or restructuring. There are no indications of changes to the Company’s main business activities, nor does the announcement signal any impending business risks or opportunities related to this subsidiary.
The announcement is primarily a formal update and assures shareholders that the group’s financial health and future prospects remain unaffected by this change.
Disclaimer
This article is prepared based on publicly available information and does not constitute financial advice or a recommendation to buy or sell securities. Investors are advised to conduct their own due diligence and consult with professional advisors before making investment decisions. The information provided is accurate as of the date of publication and is subject to change.
View Haw Par Historical chart here
