Afromal Cocoa Limited Announces Voluntary Winding-Up and Appointment of Liquidator
Link: http://links.sgx.com/1.0.0/corporate-announcements/PTYUPK7A4KAK5IED/861af260cf58ce1d38528347f708531e34bfa1700c751e9287df593592cfdcc6
Summary:
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The Board of Afromal Cocoa Limited has resolved to voluntarily wind up the company and cease operations.
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Ms. Goh Sock Mui of BDO Corporate Restructuring has been appointed as liquidator to manage the process, handle disposal of assets, and settle company liabilities.
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The winding-up is due to strategic realignment, undertaken in the best interest of shareholders.
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The company will cancel its shares and distribute any remaining assets to shareholders once assessment is completed.
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Statutory obligations will be fully observed, with notifications sent to creditors and stakeholders.
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Further updates will be released as material developments occur in the winding-up process.