, Singapore

Thakral Corporation dumps dormant STEICL

The former subsidiary has been transferred to a third party at a nominal consideration of RMB1 in cash.

The Board of Directors of Thakral Corporation Ltd announced that the Group has disposed of its indirect wholly-owned dormant subsidiary Shanghai Thakral Electronics Industrial Corp. Ltd.

STEICL had been dormant for a number of years and the Group’s investment/net asset value in the subsidiary had been fully provided for in the past, according to the announcement.

The company will be excluded from the Group’s financial statements from the current quarter ending 30 September 2012.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!