Incredible Holdings Ltd. Announces Voluntary Liquidation of Dormant Subsidiary

Key Points Investors Should Note

• Voluntary Winding Up of Wholly-Owned Subsidiary:
  Incredible Holdings Limited has commenced a member’s voluntary winding up of its wholly-owned and dormant subsidiary, Hi-Tech Distribution Pte. Ltd. (HTD).
• Appointment of Liquidator:
  Chia Lee Cheng from ACT Management Services Pte. Ltd. has been appointed as the liquidator of HTD on 25 March 2026. This appointment was confirmed by the shareholders of HTD at an Extraordinary General Meeting held on the same day.
• Reason for Liquidation:
  The board has stated that winding up HTD, which is a dormant entity, is in the best interests of the Company as it streamlines group structure and eliminates maintenance costs associated with the dormant subsidiary.
• Financial Impact:
  The liquidation of HTD is not expected to have any material impact on the net tangible assets or earnings per share of Incredible Holdings Ltd. for the financial year ending 30 June 2026.
• Directors’ and Major Shareholders’ Interests:
  None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the voluntary winding up, except through their shareholdings in Incredible Holdings Ltd.
• Future Announcements:
  The Company has committed to keeping shareholders updated on any material developments related to the liquidation process.

Potential Price-Sensitive Information for Shareholders

• Minimal Financial Impact:
  Since HTD is a dormant subsidiary and the process is not expected to affect earnings or net tangible assets, this development is unlikely to have a direct, material impact on the Company’s share price.
• Corporate Restructuring:
  The move reflects ongoing efforts by the board to optimize the group’s corporate structure and eliminate non-essential entities, which is generally viewed positively from a corporate governance perspective.
• Advisory to Shareholders:
  Shareholders are advised to refrain from taking any action with respect to their securities that may be prejudicial to their interests and to exercise caution when dealing in the shares of the Company.
• Professional Advice:
  In case of any concerns, shareholders are encouraged to consult with their stockbrokers, bank managers, solicitors, accountants, or other professional advisers.

Contact and Oversight

The announcement has been reviewed by the Company’s sponsor, Novus Corporate Finance Pte. Ltd., but not by the Singapore Exchange Securities Trading Limited (SGX-ST). The SGX-ST takes no responsibility for the contents of the announcement.

For further information or queries, the contact person at Novus Corporate Finance Pte. Ltd. is Ms. Lin Huiying, Head of Continuing Sponsorship, located at 7 Temasek Boulevard, #04-02 Suntec Tower 1, Singapore 038987. Telephone: (65) 6950 2188.

Conclusion

The voluntary liquidation of Hi-Tech Distribution Pte. Ltd. is a corporate housekeeping exercise with no expected material financial impact on Incredible Holdings Ltd. This action is part of prudent management to streamline the group structure and should be viewed as a positive step in terms of operational efficiency. However, shareholders are reminded to keep abreast of further announcements and to exercise caution in their dealings.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Shareholders and potential investors should exercise their own judgment and seek professional advice before making any investment decisions. The Company and its sponsor take no responsibility for any actions taken based on this information.

View Incredible Historical chart here