Keong Hong Holdings Limited Announces Striking-Off of Dormant, Wholly-Owned Subsidiaries

Key Highlights from the Announcement

• Two dormant, wholly-owned subsidiaries—Grandwood Holdings Pte. Ltd. (“GWH”) and Grandwood (Japan) Pte. Ltd. (“GWJ”)—have been officially struck off from the Register of Companies.
• Applications for striking-off were submitted on 30 September 2025, and the final removal was effective on 2 January 2026 following the Final Gazette Notification dated 5 January 2026.
• GWH was 100% owned by Keong Hong Holdings Limited, while GWJ was 100% owned by GWH, making both subsidiaries indirect wholly-owned units of the listed parent.

Details That Investors Should Note

• No material impact on the consolidated net tangible assets per share and consolidated earnings per share of Keong Hong Holdings Limited for the financial year ended 30 September 2025 is expected as a result of these subsidiaries being struck off.
• No director, controlling shareholder, or their associates has any interest, direct or indirect, in the striking-off, apart from their shareholding interests in the company. This eliminates concerns about potential conflict of interest or related-party dealings.
• The Board notes that both subsidiaries were dormant, suggesting they were not contributing to group revenue or profits, and their removal is likely part of a housekeeping exercise to streamline the group’s corporate structure.

Implications for Shareholders and Potential Price Sensitivity

• This announcement does not contain any price-sensitive information that is likely to move the share price in the short term.
• The removal of dormant subsidiaries is a standard corporate procedure and is not expected to have any financial or strategic impact on the group’s ongoing operations or performance.
• There are no changes in shareholding structure, nor any operational or financial developments that affect shareholder value.

Conclusion

The striking-off of Grandwood Holdings Pte. Ltd. and Grandwood (Japan) Pte. Ltd. represents a routine corporate clean-up of non-operational subsidiaries. With no financial impact and no related-party considerations, this announcement is not expected to be material to investors or to affect Keong Hong Holdings Limited’s share price.

Disclaimer: This article is based solely on the official announcement released by Keong Hong Holdings Limited. It is not intended to provide financial advice or recommendations. Investors should conduct their own due diligence or consult their professional advisors before making investment decisions.

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