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18 Jun 2025
Imperium Crown Dissolves Dormant Subsidiary ICL Land Sdn. Bhd.
Summary:
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Imperium Crown Limited has completed the dissolution of ICL Land Sdn. Bhd., a dormant wholly-owned Malaysian subsidiary.
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ICL Land, acquired in October 2016, had been inactive since acquisition.
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Liquidation proceedings were initiated in 2019, but completion was delayed due to COVID-19.
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Dissolution was confirmed via the Malaysian SSM in May 2025.
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The move has no material impact on the company’s net tangible assets or earnings per share for FY ending 30 June 2025.