Tiong Woon Corporation Completes Voluntary Liquidation of Dormant Subsidiary

Key Highlights for Investors

• Completion of Subsidiary Liquidation: Tiong Woon Corporation Holding Ltd. (“the Company”) has announced the full completion of the members’ voluntary liquidation of its dormant wholly-owned subsidiary, Tiong Woon Teck Aik Enterprise Pte. Ltd. (“TWTA”).
• Date of Liquidation: The liquidation process for TWTA was finalized on 16 July 2025.
• Financial Impact: The Company has stated that the liquidation of TWTA is not expected to have any material impact on the Group’s net tangible assets or earnings per share for the financial year ending 30 June 2026.
• Shareholder Interests: No directors, controlling shareholders, or substantial shareholders of the Company have any direct or indirect interest in this transaction, except for their respective shareholdings in the Company.

Details of the Announcement

Tiong Woon Corporation Holding Ltd., a company listed on the Singapore Exchange, has informed its shareholders and the investing public of the completion of a significant corporate action. The Company’s Board of Directors reported that as part of ongoing corporate streamlining, it has finalized the voluntary liquidation of a wholly-owned but dormant subsidiary, Tiong Woon Teck Aik Enterprise Pte. Ltd. This action was carried out in accordance with Singapore Exchange requirements, specifically Rule 706A of the SGX-ST Listing Manual, which mandates disclosure of certain corporate transactions.

The process of liquidation was conducted under a “members’ voluntary” basis—meaning the subsidiary was solvent but no longer active in operations. The completion date of this process was 16 July 2025.

Implications for Shareholders

No Material Impact on Financials: Importantly for shareholders, the Board has indicated that this corporate action is not expected to affect the Group’s net tangible assets or earnings per share for the current financial year (ending 30 June 2026). This suggests that the subsidiary had minimal or no contribution to the Group’s overall financial position, likely due to its dormant status.

No Related Party Interests: The announcement also clarified that none of the Company’s directors, controlling shareholders, or substantial shareholders have any direct or indirect interest in the liquidation, except in their capacity as shareholders of the Company.

Assessment of Price Sensitivity

Based on the information disclosed, the liquidation of TWTA is a housekeeping exercise to streamline the Group’s structure by removing a dormant entity. As there is no expected material impact on the Group’s financial performance or assets, and no related party transactions involved, this announcement is unlikely to have a significant effect on the Company’s share price.

Conclusion

While the completion of the subsidiary’s liquidation demonstrates ongoing efforts by Tiong Woon Corporation to maintain a lean and efficient corporate structure, this development is not expected to materially affect shareholder value or the Company’s financial results.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult their financial advisers before making any investment decisions.

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