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Maybank's indirect subsidiary Rezan to wind up voluntarily
Last update: 28/12/2018

KUALA LUMPUR, Dec 28 (Bernama) -- Malayan Banking Bhd's (Maybank) indirect wholly-owned subsidiary, Rezan Pte Ltd (through Maybank International Holdings Sdn Bhd and Maybank Kim Eng Holdings Ltd) has resolved to wind up voluntarily.

In a filing with Bursa Malaysia today,  it said the matter was convened in an Extraordinary General Meeting today. 

Rezan's shareholders have approved the appointment of Kon Yin Tong and Aw Eng Hai of Messrs. Foo Tan LLP as liquidators for the purpose of the liquidation of Rezan.

Rezan was previously an investment holding company and had been inactive and remained dormant prior to the date of the resolution.

“The liquidation of Rezan is in line with the Maybank Kim Eng Holdings Ltd Group’s continual review and rationalisation of costs.

“The liquidation will not have any material effect on the consolidated earnings or net assets of the Maybank Group for the financial year ending Dec 31, 2018,” said Maybank. 

None of the directors or major shareholders of Maybank and/or persons connected to them has any interest, direct or indirect, in the voluntary liquidation.




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