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Striking Off Of Subsidiaries

BackDec 30, 2011
Title
  • Striking Off Of Subsidiaries
Acquisitions and Disposals
  • Changes in Company's Interest
Description The Board of Directors of Lion Asiapac Limited (the "Company") wishes to announce that, following applications made pursuant to Section 344 of the Companies Act, Cap. 50 to the Accounting & Corporate Regulatory Authority, the following wholly-owned subsidiaries of the Company were struck off from the Register of Companies with effect from 29 December 2011:

1) Aarau Investment Pte Ltd;
2) Arbon Investment Pte Ltd;
3) Clarington Investment Pte. Ltd.;
4) Grenchen Investment Pte Ltd; and
5) Kloten Investment Pte Ltd.

The striking off of the aforesaid subsidiaries is not expected to have any material impact on the earnings per share and net asset value per share of the Company and the Group for the financial year ending 30 June 2012.