CapitaLand liquidates 100%-owned unit Calomel
It is a voluntary decision.
According to a release, CapitaLand Limited announced that it is voluntarily liquidating its dormant wholly-owned subsidiary, Calomel Pte Ltd, a company incorporated in Singapore.
The voluntary liquidation of Calomel is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2012.
None of the Directors or the controlling shareholder of CapitaLand has any interest, direct or indirect, in the voluntary liquidation of Calomel.