TeleChoice International Limited Initiates Voluntary Liquidation of Wholly-Owned Subsidiary, Planet Smart Services Pte. Ltd.

Key Highlights

• TeleChoice International Limited (“the Company”) has announced the commencement of a member’s voluntary liquidation for its wholly-owned subsidiary, Planet Smart Services Pte. Ltd. (PSSPL).
• On 6 February 2026, Goh Wee Teck and Ng Kian Kiat of RSM SG Corporate Advisory Pte. Ltd. were appointed as liquidators for the process.
• The decision follows the fact that PSSPL is currently not carrying on any business or operations.
• The liquidation is not expected to have a material impact on the Company’s net tangible assets (NTA) or earnings per share (EPS) for the financial year ending 31 December 2026.
• The announcement was made by Pauline Wong Mae Sum, Executive Director, President, and CEO of TeleChoice International Limited.

Details and Analysis for Investors

TeleChoice International Limited has moved forward with a corporate rationalization measure by voluntarily winding up its wholly-owned subsidiary, Planet Smart Services Pte. Ltd. (PSSPL). The move comes as PSSPL is not currently conducting any operational activities. The appointment of professional liquidators from RSM SG Corporate Advisory Pte. Ltd. signals a structured and orderly process to dissolve the subsidiary.

This step is a part of the Company’s strategy to streamline its group structure and focus on core operations. Such restructuring can be viewed positively by investors as it demonstrates management’s commitment to enhancing operational efficiency and optimizing resource allocation. Importantly, the Company has clarified that this liquidation will not have any material impact on its consolidated financial position, specifically the NTA and EPS for the current financial year.

For shareholders, it is critical to note that the Company does not anticipate any adverse financial consequences or significant write-downs from this liquidation. The decision is an administrative one, reflecting good governance and prudent management. However, as the process involves a wholly-owned subsidiary with no ongoing business, this development is not expected to be price sensitive or to trigger significant share price movement.

What Should Shareholders Know?

• This corporate action is part of regular group clean-up and will not affect the Company’s profitability or asset base for FY2026.
• There is no indication of any business disruption or financial distress within the core operating units of TeleChoice International Limited.
• The Company remains committed to enhancing shareholder value through effective resource management.

Conclusion

In summary, the voluntary liquidation of Planet Smart Services Pte. Ltd. is a non-core administrative measure by TeleChoice International Limited. It is not expected to have any material impact on the Company’s financial results or operations. Investors should interpret this as a standard streamlining measure, with no direct implications for share value at this time.

Disclaimer: This article is for informational purposes only and does not constitute financial advice or a recommendation to buy or sell shares in TeleChoice International Limited. Investors should conduct their own research or consult their financial advisor before making any investment decisions.

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