Further to the Company’s announcements dated 22 November 2017 and 10 August 2018, we wish to announce that the Final Meetings in respect of the Members’ Voluntary Winding-Up of Asia Integrated Facility Solutions Pte Ltd (“AIFS”) and Asia Facility Solutions Pte Ltd (“AFS”), indirect wholly-owned subsidiaries of the Company were duly held on 27 September 2018.

The Returns by the Liquidator relating to the Final Meetings were lodged with Accounting and Corporate Regulatory Authority of Singapore (ACRA) on 27 September 2018 and pursuant to Section 308(5) of the Singapore Companies Act (Cap.50), AIFS and AFS shall be dissolved and cease to be the subsidiaries of the Company upon expiration of three (3) months after the said lodgement date.

The dissolution of AIFS and AFS will not have any material effect on the earnings or net assets of UEMEd Group for the financial year ending 31 December 2018.  

None of the directors, major shareholders of UEMEd or persons connected with them has any interest, direct or indirect, in the dissolution of AIFS and AFS.

This announcement is dated 27 September 2018.