Back 18 Jun 2025

Imperium Crown Dissolves Dormant Subsidiary ICL Land Sdn. Bhd.

Link: https://links.sgx.com/1.0.0/corporate-announcements/XYH21A7MY45IK2QM/324f49a3b50a3519e6ed732ace3cdc63fd3c40210131677914916b5ad7ccbdef

Summary:

  • Imperium Crown Limited has completed the dissolution of ICL Land Sdn. Bhd., a dormant wholly-owned Malaysian subsidiary.

  • ICL Land, acquired in October 2016, had been inactive since acquisition.

  • Liquidation proceedings were initiated in 2019, but completion was delayed due to COVID-19.

  • Dissolution was confirmed via the Malaysian SSM in May 2025.

  • The move has no material impact on the company’s net tangible assets or earnings per share for FY ending 30 June 2025.