Back 23 Jun 2025

Sincap Group Strikes Off Dormant Subsidiary Orion Energy Resources

Link: https://links.sgx.com/1.0.0/corporate-announcements/Q8CEHIL4ALGV5SDL/628d3e84fdc886cd98933f593194999154169d188409acbe88e9903b415d0baf

Summary:

  • Sincap Group Limited applied on 21 March 2025 to strike off Orion Energy Resources Pte. Ltd., a 99.97%-owned dormant subsidiary with nil net assets.

  • The strike-off took effect on 19 June 2025 under Section 344A of the Companies Act 1967 of Singapore.

  • The Group will record a non-cash, one-off foreign exchange translation effect of approximately RMB1.2 million for FY2025.

  • There is no interest in the strike-off by directors or controlling shareholders apart from their shareholdings or roles in the company.