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23 Jun 2025
Sincap Group Strikes Off Dormant Subsidiary Orion Energy Resources
Summary:
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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.
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The strike-off took effect on 19 June 2025 under Section 344A of the Companies Act 1967 of Singapore.
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The Group will record a non-cash, one-off foreign exchange translation effect of approximately RMB1.2 million for FY2025.
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There is no interest in the strike-off by directors or controlling shareholders apart from their shareholdings or roles in the company.