Back 23 May 2025

The Hour Glass Limited Streamlines Operations: Completes Liquidation of Dormant Macau Subsidiary with No Material Impact on Financials

Link: https://links.sgx.com/1.0.0/corporate-announcements/A7ZMUU53UXGQWIFQ/02a4c76cb76e25e7bd57cc009bac2a52729338016aeef3ccf43bb6331053872f

Summary:

  • The Hour Glass Limited has announced the successful completion of the voluntary liquidation of its wholly-owned subsidiary, The Hour Glass (Macau) Limited ("THG MO").
  • THG MO was identified as a dormant subsidiary, with further specific reasons for its voluntary liquidation not detailed in the announcement.
  • The dissolution of THG MO is not expected to materially affect the net tangible assets or earnings per share of The Hour Glass Group for the financial year ended 31 March 2025.
  • The company also clarified that none of its Directors or controlling shareholders hold any direct or indirect interest in this dissolution.