Kingsmen Creatives Ltd. Announces Striking-Off of Subsidiary: Hi-Light Electrical Pte Ltd
Kingsmen Creatives Ltd. Announces Striking-Off of Singapore Subsidiary, Hi-Light Electrical Pte Ltd
Singapore, 16 February 2026 – Kingsmen Creatives Ltd. (“the Company”), a leading provider of communication, design, and production services, has announced the official striking-off of its 80%-owned Singapore subsidiary, Hi-Light Electrical Pte Ltd, from the Register of Companies. The removal was effected on 16 February 2026 under Section 344A of the Companies Act 1967 (Singapore).
Key Points for Investors
- Subsidiary Striking-Off: Hi-Light Electrical Pte Ltd, in which Kingsmen Creatives Ltd. holds an 80% direct ownership, has been struck off the register.
- Legal Process: The striking-off was conducted in accordance with Section 344A of the Companies Act 1967 (Singapore), which governs the removal of companies from the official register.
- Financial Impact: The Company has stated that the striking-off is not expected to have any material impact on the Group’s earnings per share or net tangible assets per share for the financial year ending 31 December 2026.
- Director and Shareholder Interests: None of the Directors or controlling shareholders has any interest, direct or indirect, in the striking-off, aside from their shareholdings in Kingsmen Creatives Ltd. itself.
Potential Price-Sensitive Information
At present, the Board has affirmed that the removal of Hi-Light Electrical Pte Ltd will not materially affect the Company’s financial standing or shareholder value for the current year. The subsidiary’s striking-off appears to be an administrative matter rather than a strategic divestment or operational change. As such, there are no immediate implications expected for the Company’s share price or its financial position.
Details for Shareholders
- Hi-Light Electrical Pte Ltd was 80% owned by Kingsmen Creatives Ltd. The remaining 20% ownership structure was not specified in the announcement.
- The action was taken as part of routine corporate housekeeping, with no indication of financial distress or adverse circumstances leading to the subsidiary’s removal.
- The Company’s executive chairman, Mr. Soh Siak Poh Benedict, authorized and signed off on the announcement.
Conclusion
For shareholders and potential investors, the striking-off of Hi-Light Electrical Pte Ltd is not expected to have a material impact on the overall Group’s financials or operations. There are no indications of price-sensitive developments arising from this announcement, and the move appears to be a standard corporate procedure.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with financial advisors before making investment decisions. The information provided is based on public disclosures by Kingsmen Creatives Ltd. as of 16 February 2026.
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